Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Investors lost 37% by missing this ONE signal 😵
Read now
Roku Stock Skyrockets After Solid First Earnings Report
By Zacks Investment ResearchStock MarketsNov 08, 2017 05:38AM ET
www.investing.com/analysis/roku-stock-skyrockets-after-solid-first-earnings-report-200263638
Roku Stock Skyrockets After Solid First Earnings Report
By Zacks Investment Research | Nov 08, 2017 05:38AM ET Roku, Inc. ( (NASDAQ:ROKU) ) just released its third-quarter financial results, posting a non-GAAP, pro forma loss of 10 cents per share and revenues of $124.8 million. This is Roku’s first earnings report as a publicly-traded company.
Currently, ROKU is a Zacks Rank #3 (Hold) and is up 27.02% to $23.93 per share in trading shortly after its earnings report was released.
Roku:
The company posted a non-GAAP, pro forma loss of 10 cents per share, which was an improvement from the 17 cent loss posted in the prior-year quarter. On a GAAP basis, the company posted a loss of $8.79 per share in the quarter, up from a loss of $2.66 per share last year. Roku cited a variety of costs associated with its IPO as a reason for this change.
The company saw revenue figures of $124.782 million, which was up about 40% from the $89.053 witnessed in the year-ago period. Roku said that $67.254 million of this revenue was from sales of its players, while $57.528 came from its streaming platform.
Active accounts increased 48% to 16.7 million at the end of the quarter. Streaming hours surged 58% to 3.8 billion hours. Average revenue per user gained 37% to $12.68 on a trailing 12-month basis.
“Our higher margin platform segment is the key driver of our growth and gross margin expansion, and our advertising business has more than doubled in size year-to-date. We continue to see strong momentum with our Roku TV program,” management noted in the release.
Management also provided guidance for the fourth quarter. Roku expects total net revenue to be between $175 million and $190 million. Net income is expected to fall in the range of -$14 million to -$8 million.
Here’s a graph that looks at Roku’s price action since its IPO earlier this year:
Roku, Inc. is involved in creating a streaming platform for delivering entertainment to the television. The Company's products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones.
Check back later for our full analysis on Roku’s earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Wall Street’s Next Amazon (NASDAQ:AMZN)
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Roku, Inc. (ROKU): Free Stock Analysis Report
Original post
Zacks Investment Research
Related Articles
Gold Miners Have Been Cast Aside—But Smart Money May Be Rotating in
By Gary Tanashian - Mar 10, 2025
Through many years of frustration among gold bugs due to the failure of gold stock prices to leverage the gold prices in a positive way, there were very clear reasons for that...
S&P 500, Russell 2000 Break Key Trendlines - Deeper Correction Ahead?
By Declan Fallon - Mar 10, 2025
I know there is the smell of fear in the air when I see my readership double as we reach a point where weekly chart factors come into play. Up until last week, markets have...
One Must-Buy Stock and One to Avoid as Tariffs Shake the Market
By Gabriel Osorio-Mazzilli - Mar 10, 2025
Professional traders get paid because of one skill and one skill only: the ability to foresee what the world (or the economy, at least) might look like in six to nine months....
Roku Stock Skyrockets After Solid First Earnings Report
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.