Core Insights - Roku reported third-quarter revenue of $1.06 billion, a 16% increase year-over-year, surpassing the consensus estimate of $1.02 billion, marking the first quarter with revenue exceeding $1 billion [1] - The company experienced a loss of 6 cents per share, which was better than the expected loss of 32 cents per share, and reported its fifth consecutive quarter of positive adjusted EBITDA and free cash flow [2] Revenue Breakdown - Platform revenue reached $908.2 million, up 15% year-over-year, while devices revenue was $154 million, reflecting a 23% increase year-over-year [2] - The company is guiding for fourth-quarter revenue of $1.14 billion, also a 16% year-over-year increase, with platform revenue expected to grow 16% and devices revenue projected to rise 25% [5] User Engagement - Roku reported 85.5 million streaming households, an increase of 2 million from the previous quarter, with total hours streamed at 32 billion, up 5.3 billion hours year-over-year [3] - The average revenue per user remained flat at $41.10 year-over-year, while average streaming hours per household per day increased to 4.1 hours from 3.9 hours [3] Market Position and Future Plans - Roku maintained its position as the No. 1 TV operating system in the U.S., Mexico, and Canada, with its Roku Channel being the No. 3 app on the platform, seeing an 80% increase in streaming hours year-over-year [4] - The company aims to grow its streaming households to 100 million within the next 12 to 18 months [4] Stock Performance - Roku's stock fell 7.4% to $71.75 in after-hours trading, within a 52-week trading range of $48.33 to $108.40 [6]

The smart TV pioneer gears up for a telltale financial update on Wednesday.This has been a wild year for investors in Roku (ROKU 2.07%), the company behind the leading smart TV operating system in the U.S. In an odd twist, every single one of these things is true:Roku shares have rallied by 56% since bottoming out just two months ago.The stock is still down for all of 2024.Roku has nearly doubled since the start of 2023.The volatility will only intensify this week. Roku will report its third-quarter results ...

LOS ANGELES, CALIFORNIA - MARCH 18: Charlie Collier, Chelsea Peretti and Amy Poehler seen at Los ... [+] Angeles Friends and Family Screening of Roku's "First Time Female Director" at Vidiots Foundation - Eagle Theatre on March 18, 2024 in Los Angeles, California. (Photo by Eric Charbonneau/Getty Images for Roku)Getty Images for RokuRoku has fared well over the last few months, rising by about 50% since early August. This compares with streaming titan Netflix, which has seen its stock rise close to 29% over ...

Investors may finally start realizing that this streaming-technology company is doing everything it's supposed to be doing, and doing it well.If you're a regular viewer of streaming video, then you've almost certainly heard of Roku (ROKU -4.28%). Numbers from market research outfit Pixalate indicate that its share of North America's smart-TV and streaming-dongle market is a commanding 37%. That's more than twice the reach of its next-nearest competitor.Of course, investors keeping tabs on Roku stock also kn ...

Roku continues to be a volatile stock for investors to hold.Roku (ROKU -4.28%) was once one of the best-performing stocks out there. Since the company's initial public offering in September 2017 to July 2021, shares skyrocketed by 1,940%. That gain easily outpaced the broader Nasdaq Composite index by a wide margin.It's been a totally different story since that all-time record was reached. A combination of slower growth and weaker investor sentiment helps explain why shares currently trade 84% off that peak ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Roku (ROKU) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 30. On t ...

Roku (ROKU) closed the latest trading day at $76.79, indicating a -0.27% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.05% for the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.Heading into today, shares of the video streaming company had gained 4.34% over the past month, outpacing the Consumer Discretionary sector's gain of 3.25% and the S&P 500's gain of 2.76% in that time.Analysts and investors alike will be ...

This industry still has a lot of upside.I haven't had cable or satellite TV in years. I only stream video content on demand from the internet these days. Millions of people are just like me, of course. And because adoption rates of streaming TV are so high, it's easy to overlook just how fast this space is still growing.Over-the-top (OTT) refers to streaming video regardless of what kind of device one uses to stream it. According to MarketsandMarkets, from 2022 through the end of 2027, global revenue for th ...

The streaming platform's stock performance has been wildly disappointing in recent years. Though the broader market has been having a strong year, it has been a different story for Roku (ROKU 4.05%). The streaming platform enterprise's shares are down thus far in 2024. But investor sentiment about the company has improved drastically in the past couple of months. Can this growth tech stock outperform the S&P 500 (SNPINDEX: ^GSPC) between now and 2030? Let's look at the bull and bear cases for Roku to figure ...

Stock Performance and Technical Analysis - Roku's stock recently formed a Golden Cross, a bullish signal indicating potential upward momentum [1] - The stock is currently priced at $78 37 and has surpassed its eight, 20, and 50-day simple moving averages, showing strong buying pressure [1] - Despite being down 12 80% year-to-date, Roku has rebounded impressively, up 15 58% over the past year and 31 68% in the last six months [2] Strategic Positioning and Advertising Innovations - Roku is strategically positioning itself for growth, particularly in the advertising space [2] - The company has expanded its advertising partnership with Instacart, aiming to transform TV moments into shoppable experiences [3] - Roku is ramping up interactive ad formats, allowing brands to reach audiences with targeted precision and enhancing ad effectiveness [3] Analyst Sentiment and Revenue Growth - Analysts are optimistic about Roku's potential, with JPMorgan raising its price target to $92, Macquarie to $90, and Needham to $100 [4] - The company is expected to see strong platform revenue growth, driven by innovations like its new self-service Ads Manager, which attracts smaller advertisers [4] Market Position and Future Outlook - Roku has an extensive user base of 84 million active accounts, positioning it as a frontrunner in the connected TV advertising market [5] - The advertising medium is projected to grow rapidly, and Roku is well-positioned to benefit, making its stock an attractive option for investors in the streaming space [5]