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Sep 30, 2021
Roku Q3 2021 Earnings Report
Roku's performance demonstrated strength and platform monetization continued to show momentum.
Key Takeaways
Roku reported a 51% year-over-year increase in total net revenue, reaching $680 million. Platform revenue grew by 82% year-over-year to $583 million, and gross profit increased by 69% year-over-year to $364 million. Active Accounts reached 56.4 million, and streaming hours totaled 18.0 billion.
Total net revenue grew 51% year-over-year to $680 million.
Platform revenue increased 82% year-over-year to $583 million.
Gross profit was up 69% year-over-year to $364 million.
Active Accounts reached 56.4 million, with a net increase of 1.3 million from Q2 2021.
Revenue by Segment
Forward Guidance
The company's Q4 outlook is for strong growth with total net revenue of $893 million at the midpoint (up 37% year-over-year), and total gross profit of $385 million at the midpoint (up 26% year-over-year). They expect Q4 adjusted EBITDA to be $70 million at the midpoint.
Positive Outlook
- Total net revenue of $885 - $900 million.
- Total gross profit of $380 - $390 million.
Challenges Ahead
- Net income (loss) $(5) - $5 million.
- Adjusted EBITDA $65 - $75 million.
- Challenges created by the global supply chain disruptions will likely continue into 2022.
- Headwinds may have a broad impact on the holiday season in terms of consumer confidence, product pricing and availability, and advertising spend levels.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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