Roku Channel

Q2 2019 | Q1 2019 | Q4 2018 | Q4 2018 preliminary | Q3 2018

Roku Q2 2019 earnings (Aug. 7, 2019)

Roku today announced its second-quarter earnings for 2019. Here's what you need to know:

  • Roku now has 30.5 million active accounts
  • It added 1.4 million net accounts in the quarter
  • Viewers streamed 500 million more hours in Q2, for 9.4 billion hours total
  • That's up from 5.5 billion hours in Q2 2018
  • Roku says it sold more than one-third of all smart TVs in the U.S. in the first half of 2019
  • Roku says sales of its players were up 36 percent for the quarter — its highest growth in the last nine quarters
  • The company raised its total-year forecast and is now expecting more than $1 billion in revenue for the year
  • But it says its outlook doesn't take into account the possibility of new tariffs on foreign-sourced products

Roku Q1 2019 earnings (May 8, 2019)

Roku today announced its first-quarter earnings for 2019. Here's what you need to know:

  • Net revenue was up year over year to $206.7 million.
  • Roku added 2.0 million active accounts from Q4 2018 and now has a total of 29.1 million.
  • A single user is worth more for Roku, up $1.11 from Q4 to $19.06.
  • Roku now says more than one in three smart TVs sold in the U.S. in the first quarter. (That's up from one in four.)
  • Sales of Roku players (as in the sticks and boxes) were up 21 percent year over year for the first quarter.
  • Roku users stream an average of 3.5 hours a day.
  • Platform revenue increased 79 percent year over year.

Roku Q4 2018 earnings and year-end recap

Roku on Feb. 21, 2019, released its Q4 2018 earnings. Here's what you need to know:

  • Roku added 7.8 million active accounts in 2018. It added 3.3 million of those in Q4.
  • It now has more than 27.1 million total active accounts.
  • Roku expects to hit $1 billion in revenue in 2019 by increasing monetization per user and scaling the number of households using the Roku platform.
  • The number of hours streamed continues to climb, from 6.2 billion in Q3, to 7.3 billion in Q4.
  • Monetized ad impressions more than doubled in 2018.
  • Total net revenue was up 45 percent year over year, to $742.5 million.
  • Roku players (as in boxes and sticks) were up 30 percent year over year, with the best growth from those that cost less than $50.

Roku Q4 2018 preliminary earnings (Jan. 7, 2019)

Roku isn't due to announce its earnings for the fourth quarter until February, but today it released some preliminary data to whet our (and mostly, investors') appetites.

Here's what you need to know:

  • Roku now has more than 27 million active accounts, up 40 percent year over year, and a more-than 4 million-account increase from Q3 2018.
  • Streaming hours in the fourth quarter — that is, how much all those accounts are actually watching — were at 7.3 billion hours for Q4, up about 68 percent year over year. (And that's up from 6.2 billion hours in the third quarter.)
  • Total streaming hours for 2018 are about 24 billion hours, up 61 percent from 2017.

The fourth quarter of the year, of course, also is where we find Black Friday and Christmas holiday sales.

The preliminary numbers were received well by Wall Street, which sent Roku's stock up slightly more than 25 percentage points, to 42.18.

Roku Q3 2018 earnings

Roku today announced its Q3 2018 earnings. Here's what you need to know:

  • Roku now has 23.8 million active accounts, up 1.8 million from Q2, some 7.1 million more than Q3 2017.
  • Net revenue was up 39 percent year over year to $173.4 million.
  • Gross profit was up 58 percent year over year to $79 million.
  • More than half of the new accounts were from "licensed sources," which basically means Roku TVs. (Roku still says a quarter of all new smart TVs sold is running Roku.)

Wall Street expected more, giving Roku's stock a hit, but we're not Wall Street. Roku also raised its expectations a bit for Q4, though it's still anticipating a net loss.

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