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Mar 31, 2022
Roku Q1 2022 Earnings Report
Roku's first quarter performance was solid, driven by growth in Platform revenue and Active Accounts.
Key Takeaways
Roku's Q1 2022 showed solid growth with a 28% increase in total net revenue year-over-year, reaching $734 million. Platform revenue grew by 39% year-over-year, and the company added 1.1 million incremental Active Accounts, reaching a total of 61.3 million. However, the company reported a net loss of $26.3 million.
Total net revenue grew 28% year-over-year to $734 million.
Platform revenue increased 39% year-over-year to $647 million.
Roku added 1.1 million incremental Active Accounts in Q1 2022, reaching 61.3 million.
Streaming Hours increased by 1.4 billion hours over last quarter to 20.9 billion.
Revenue by Segment
Forward Guidance
Roku anticipates headwinds from inflationary pressures, geopolitical conflict, and supply chain disruptions. Q2 outlook is for total net revenue to increase approximately 25% year-over-year to $805 million. We anticipate total gross profit of roughly $395 million, and breakeven adjusted EBITDA. For the full year, we continue to expect total net revenue growth to be 35% year-over-year.
Challenges Ahead
- Inflationary pressures
- Geopolitical conflict
- Supply chain disruptions
- Pressure our player gross margin
- Reduce or delay ad spend in certain verticals
Historical Earnings Impact
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Avg. Return Before/After Earnings
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