Roku (ROKU) Q4 Loss Narrower Than Expected, Revenues Up Y/Y
Zacks Investment Research | Feb 13, 2020 09:15PM ET
Roku (NASDAQ:ROKU) reported fourth-quarter 2019 loss of 13 cents per share that was narrower than the Zacks Consensus Estimate of a loss of 14 cents. The company had reported earnings of 5 cents per share in the year-ago quarter.
Revenues soared 49.1% from the year-ago quarter to $411.2 million and comfortably beat the consensus mark by 4.8%.
Active accounts jumped 36% year over year to 36.9 million. Streaming hours increased 60% year over year to 11.7 billion. Moreover, average revenue per user (ARPU) grew 29% to $23.14 (on a trailing 12-month basis).
Top-Line Details
Platform revenues (63.1% of revenues) surged 71.5% year over year to $259.6 million.
Roku, Inc. Price, Consensus and EPS Surprise
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