ROKU Q1 Loss Narrower Than Expected, Active Accounts Jump Y/Y
Zacks Investment Research | May 09, 2019 02:02AM ET
Roku (NASDAQ:ROKU) reported first-quarter 2019 loss of 9 cents per share that was narrower than the Zacks Consensus Estimate of a loss of 24 cents. However, the figure was wider than a loss of 7 cents reported in the year-ago quarter.
Revenues soared 51.3% from the year-ago quarter to $206.7 million that comfortably surpassed the consensus mark of $189 million.
Active Accounts surged 40% year over year to 29.1 million. Streaming hours jumped 74% year over year to 8.9 billion. Moreover, Average Revenue per User (ARPU) increased 27% to $19.06 (on a trailing 12-months basis).
Quarter Details
Platform revenues (64.9% of revenues) surged 78.7% year over year to $134.2 million. This was driven by strong SVOD and TVOD distribution revenues, audience development revenues and video advertising sales. In the first quarter, monetized video ad impressions across the platform more than doubled. Roku expects this trend to continue throughout 2019.
Player revenues (35.1% of revenues) increased 17.9% from the year-ago quarter to $72.5 million. Player units were up 21% year over year. Average sales price (ASP) declined 4% due to the company’s strategy of offering players at attractive discounts.
Roku, Inc. Price, Consensus and EPS Surprise
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