ROKU Q4 Earnings Beat Estimates, Active Accounts Jump Y/Y
Zacks Investment Research | Feb 21, 2019 09:13PM ET
Roku (NASDAQ:ROKU) reported fourth-quarter 2018 adjusted earnings of 5 cents that beat the Zacks Consensus Estimate by couple of cents. However, the figure declined 16.7% year over year.
Revenues soared 46.5% from the year-ago quarter to $275.7 million. The figure was much better than the Zacks Consensus Estimate of $263 million.
Active Accounts were up 40% year over year to 27.1 million. Streaming hours increased by 3 billion year over year to 7.3 billion. Moreover, Average Revenue per User (ARPU) increased 30% to $17.95 (on a trailing 12-month basis).
Roku ended 2018 with 27.1 million active accounts, courtesy of impressive retail execution and strong holiday sales for both players and TVs.
Quarter Details
Platform revenues (54.9% of revenues) surged 77.2% year over year to $151.4 million. Player revenues (45.1% of revenues) increased 20.9% from the year-ago quarter to $124.3 million.
Player units were up 30% year over year, with maximum growth in the below $50 category, primarily due to which average sales price (ASP) declined 8%.
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