Roku (ROKU) Tops Q2 EPS by 15c

Roku (NASDAQ: ROKU) reported Q2 EPS of $0.00, $0.15 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $156.8 million versus the consensus estimate of $141.48 million.

• A few Q2 2018 highlights: • Total net revenue up 57% YoY to $156.8 million; • Platform revenue up 96% YoY to $90.3 million; • Gross profit up 107% YoY to $77.8 million (up 83% YoY excluding an $8.9M benefit to Player COGS from releasing accruals related to potential IP licensing liabilities that have not materialized); • Active accounts up 46% YoY to 22.0 million at quarter end; • Streaming hours up 57% YoY to 5.5 billion hours; • Average Revenue Per User (ARPU) up 48% YoY to $16.60 (trailing 12-month basis); • The Roku Channel is now a Top 5 channel by active account reach.

GUIDANCE:

Roku sees Q3 2018 revenue of $164-172 million, versus the consensus of $165 million.

Roku sees FY2018 revenue of $710-730 million, versus the consensus of $697.93 million.

For earnings history and earnings-related data on Roku (ROKU) click here.

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