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Mar 31, 2024
Roku Q1 2024 Earnings Report
Roku delivered solid results with growth in Streaming Households, Streaming Hours, and Platform Revenue. The company achieved positive Adjusted EBITDA and Free Cash Flow for the third consecutive quarter.
Key Takeaways
Roku's Q1 2024 shows strong growth with a 19% increase in total net revenue to $882 million. Streaming Households grew by 14% year-over-year, reaching 81.6 million, and Streaming Hours increased by 23% year-over-year. The company also achieved positive Adjusted EBITDA and Free Cash Flow for the third consecutive quarter.
Total net revenue increased by 19% year-over-year to $882 million.
Platform revenue grew by 19% year-over-year to $755 million.
Streaming Households reached 81.6 million, a 14% increase year-over-year.
Streaming Hours increased by 23% year-over-year to 30.8 billion.
Roku
Roku
Roku Revenue by Segment
Revenue by Segment
Platform Revenue
CapyFin.comDevices Revenue
CapyFin.com Forward Guidance
For Q2 2024, Roku estimates Total net revenue of $935 million, Total gross profit of $410 million, and Adjusted EBITDA of $30 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income