- Revenue: $1.02B, +16% YoY
- Platform revenue: $881M, +17% YoY
- Net loss: $(27.4)M vs $(50.9)M YoY
CEO Anthony Wood: "We continue to enhance the Roku Experience to improve content discovery, increasing engagement, ad reach, and subscriptions."
🌱Revenue & Growth
- Total net revenue: $1.02B, +16% YoY
- Platform revenue: $881M, +17% YoY
- Devices revenue: $140M, +11% YoY
- Streaming Hours: 35.8B, +5.1B YoY
- Roku Channel engagement: #2 in U.S., Streaming Hours +84% YoY
💰Profits & Health
- Gross profit: $445M, +15% YoY
- Adjusted EBITDA: $56M, +37% YoY
- Free Cash Flow (TTM): $298M, -30% YoY
- Operating loss: $(57.7)M vs $(72.0)M YoY
- Gross margin: 43.6% vs 44.1% YoY
- Cash & equivalents: $2.26B
📌Business Highlights
- Acquired Frndly TV to expand Roku-billed subscriptions
- Roku Channel: Shoppable ads launched (e.g. "Roku Recipes" with Walmart)
- Apple TV+ partnered on exclusive campaign for "Severance"
- Launched new Roku TV Smart Projector & Streaming Sticks
- Maintained #1 TV OS position in U.S., Canada, Mexico
🔮Future Outlook
- Q2 2025 revenue guide: $1.07B, +11% YoY
- FY2025 Platform revenue: $3.95B (unchanged)
- FY2025 Adjusted EBITDA: $350M (unchanged)
- Platform margin forecast: ~52%
- Devices segment to remain consistent with 2024 levels
- Targeting positive operating income by 2026