Roku Q1 Results Show Benefits Of Streaming Price Hikes
deadline.comRoku posted solid first-quarter financials, with positive results in several key metrics illustrating the benefits of ongoing price inflation in the streaming sector.
Net losses totaled 35 cents a share, far better that Wall Street analysts’ consensus estimate of 62 cents and much narrower than the $1.38 recorded in the year-ago quarter.
Revenue of $754.9 million fell significantly short of the Street’s expectation for $848.6 million, but the company notched its third straight quarter of positive Adjusted EBITDA and free cash flow.
Streaming households reached 81.6 million, up 14% from a year ago, while streaming hours increased 23% to 30.8 billion. Platform revenue came in at $755 million, up 19%, which Roku said reflected contributions from streaming services distribution and advertising activities.
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