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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.
Roku
Roku
Roku Revenue by Segment
Revenue by Segment
Platform Revenue
CapyFin.comDevices Revenue
CapyFin.com 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