Forecast of the Day: Roku’s Revenues

+33.40%
Upside
65.17
Market
86.93
Trefis
ROKU: Roku logo
ROKU
Roku

Roku’s (NASDAQ: ROKU) revenues rose 73% as it swung to an operating profit. It also beat analyst estimates on both top and bottom lines. Roku added 2.9M incremental active accounts to reach 46M subscribers. Streaming hours rose by 0.2B hours to 14.8B. The average revenue per user (ARPU) grew 20% on a trailing 12-month basis to $27.

 

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