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Roku offers upbeat guidance after Q4 results top estimates

By Yasin Ebrahim

Investing.com --  Roku reported Wednesday fourth-quarter results and guidance that was better than feared as a rebound in streaming demand boosted user growth just as advertising spend continued to stutter.  

Roku (NASDAQ:ROKU) was up about 11% in aftermarket hours.

The streaming device reported a Q4 loss of $1.70 cents per share on revenue of $867.1 million, better than estimates for a loss of $1.72 a share on revenue of $802.1M.

Active accounts rose 16% to 70M in the quarter as streaming hours increased 23% to 23.9B hours.

Platform revenue grew 20% year over year, though this was held back by a slowdown in advertising spend.

"While Roku continues to benefit from the shift of advertisers from traditional TV to TV streaming, that was largely offset in Q4 by the pullback in overall ad spend," the company said.

Average revenue per user (ARPU) was up 2% to $41.68 year-on-year.

Looking ahead, the company guided Q1 revenue of roughly $700M, total gross profit of roughly $310M, and adjusted EBITDA of negative $110M. Analysts were expecting about $696.1M in revenue for Q4.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.