🔹 EPS: -$0.25 (Est. -$0.40) 🟢
🔹 Total Revenue: $1.201B (Est. $1.147B) 🟢; UP +22% YoY
🔹 Adj EBITDA: $77.5M (Est. $34.75M) 🟢
🔹 Gross Profit: $512.6M (Est. $470.49M) 🟢; UP +17% YoY
Guidance for Q1 2025:
🔹 Revenue: $1.005B (Est. $1.006B) 🟡; UP +14% YoY
🔹 Platform Revenue Growth: +16% YoY
🔹 Devices Revenue: Flat YoY
🔹 Gross Profit: $450M
🔹 Adjusted EBITDA: $55M
Q4 Segment Performance:
Platform:
🔹 Revenue: $1.035B (Est. $952.72M) 🟢; UP +25% YoY
🔹 Gross Margin: 54.1%
Devices:
🔹 Revenue: $165.7M (Est. $195.00M) 🔴; UP +7% YoY
🔹 Gross Margin: -28.6%
Full-Year 2024 Highlights:
🔹 Total Revenue: $4.11B UP +18% YoY
🔹 Platform Revenue: $3.52B UP +18% YoY (Adjusted: +15% ex-political ads)
🔹 Devices Revenue: $590.1M UP +20% YoY
🔹 Streaming Hours: 127.1B UP +21B hours YoY
🔹 Average Revenue Per User (ARPU): $41.49 UP +4% YoY (TTM)
Strategic Updates:
🔸 Advertising Growth: Outpaced the overall U.S. OTT ad market.
🔸 Content Expansion: Exclusive partnerships with NBA G League and X Games for The Roku Channel.
🔸 Devices Expansion: Over 1M Roku-branded TVs sold in 2024, with expanded retail presence at Amazon, Target, and Walmart.
Anthony Wood, CEO::
🔸 “We continue to drive strong execution in our platform strategy while growing our ad demand, subscriptions, and global engagement. Our leadership in TV streaming is helping us innovate and expand scale to drive monetization.”