Roku 3rd Quarter Earnings Report

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Today Roku Announced their 3rd Quarter Earnings

In a Letter to Shareholders Roku beat their outlook once again for revenue, gross profit, and adjusted EBITDA.

Here's a big takeaway from Roku's 3rd quarter earnings report

Q3 Highlights
• Total net revenue of $260.9 million, up 50% Year-over-Year (YoY);
• Platform revenue of $179.3 million, up 79% YoY;
• Active Accounts of 32.3 million, a net addition of 1.7 million over last quarter;
• Streaming Hours increased 0.9 billion hours over last quarter, to 10.3 billion;
• Average Revenue Per User (ARPU) of $22.58 (Trailing Twelve Months), up 30% YoY;
• Gross Profit of $118.5 million, up 50% YoY; and
• Roku monetized video ad impressions again more than doubled YoY.

These numbers should have a very positive impact on the price of Roku stock, but the opposite happened.

Roku the little media streaming company again exceeded expectations and continues to frustrate the competition.

This is because media streamer is intuitive and super easy for anyone from any age group, to easily learn and master its use.

With the holiday season quickly approaching, it should help spur on even further earnings and sales of Roku media devices.

We are happy to this small company from Los Gatos, CA take on some of the giants in the industry and continue to hold their own and even out perform the much larger companies like Apple and Amazon.

It will be another good year for Roku investors who managed to buy Roku stock early on. But the leadership at Roku deserves a lot of credit for having the vision to not only predict the cord cutting movement. But also helping the company to prosper by innovating and guiding Roku through turbulent times in the world of streaming TV.

All May Not Be Roses In Roku's Future Earnings Next Year!

While Roku again exceeded expectations last quarter, the company also went on to tell investors that profits are not expected to continue to perform as well in 2020. The stock market reacted to this news as it always does and the next day the stock fell 15%. Hopefully, Roku will continue to innovate and create new products which will further their market share. Also Popular - Top 80 Best Roku Channels!

Bottom Line - Roku Still Rocks for It's Users!

As the members of the Roku Rocks support group on Facebook already know it is an excellent media player that does indeed Rock!!!

To read the full Roku Q3 2019 Shareholder Letter - Click here »