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Roku Posts Lower-Than-Expected Q1 Loss, Platform Revenue Up 106%
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Roku (ROKU - Free Report) just released its first quarter financial results, posting an adjusted loss of $0.07 per share and revenues of $136.58 million.
Roku is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Roku have plummeted over 23% over the last 12 weeks. The newly public streaming platform company did see its stock price surge 8.94% on Wednesday to hit $36.08 per share prior to the release of its quarterly earnings results.
Roku stock is currently up 1.33% to $36.56 per share in after-hours trading shortly after its earnings report was released.
ROKU:
Beat earnings estimates. The company posted an adjusted loss of $0.07 per share, crushing the Zacks Consensus Estimate that called for a loss of $0.16 per share.
Beat revenue estimates. The company saw revenue figures of $136.58 million, topping our consensus estimate of $128.41 million.
Roku, which allows users to access their Netflix (NFLX - Free Report) , Hulu, ESPN+ (DIS - Free Report) , and many other streaming accounts, saw its revenues climbed from $100.09 million in the year-ago period. Meanwhile, Roku’s platform revenues skyrocketed 106% to $75.1 million
Roku’s active accounts surged 47% to close the quarter at 20.8 million. The company’s average revenue per user also soared 50% to $15.07.
Looking ahead, the company expects to post second quarter revenue between $135 and $145 million, which falls somewhat in line with our current consensus estimate of $135.69 million.
Here’s a graph that looks at ROKU’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on ROKU’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Roku Posts Lower-Than-Expected Q1 Loss, Platform Revenue Up 106%
Roku (ROKU - Free Report) just released its first quarter financial results, posting an adjusted loss of $0.07 per share and revenues of $136.58 million.
Roku is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Roku have plummeted over 23% over the last 12 weeks. The newly public streaming platform company did see its stock price surge 8.94% on Wednesday to hit $36.08 per share prior to the release of its quarterly earnings results.
Roku stock is currently up 1.33% to $36.56 per share in after-hours trading shortly after its earnings report was released.
ROKU:
Beat earnings estimates. The company posted an adjusted loss of $0.07 per share, crushing the Zacks Consensus Estimate that called for a loss of $0.16 per share.
Beat revenue estimates. The company saw revenue figures of $136.58 million, topping our consensus estimate of $128.41 million.
Roku, which allows users to access their Netflix (NFLX - Free Report) , Hulu, ESPN+ (DIS - Free Report) , and many other streaming accounts, saw its revenues climbed from $100.09 million in the year-ago period. Meanwhile, Roku’s platform revenues skyrocketed 106% to $75.1 million
Roku’s active accounts surged 47% to close the quarter at 20.8 million. The company’s average revenue per user also soared 50% to $15.07.
Looking ahead, the company expects to post second quarter revenue between $135 and $145 million, which falls somewhat in line with our current consensus estimate of $135.69 million.
Here’s a graph that looks at ROKU’s Price, Consensus and EPS Surprise history:
Roku, Inc. Price, Consensus and EPS Surprise
Roku, Inc. Price, Consensus and EPS Surprise | Roku, Inc. Quote
Check back later for our full analysis on ROKU’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>