Roku Cracks $1B Mark In Platform Revenue In Q4; Shares Jump

Core Insights - Roku reported strong fourth-quarter results, crossing the $1 billion mark in platform revenue and ending the quarter with 89.8 million streaming households, surpassing 90 million in January [1][2] - Total revenue reached $1.2 billion, a 22% increase year-over-year, exceeding Wall Street's consensus estimate of $1.15 billion [2] - The company's net loss per share was 22 cents, significantly better than the expected loss of 43 cents, leading to a 13% increase in shares during after-hours trading [2] Revenue and Growth Metrics - Platform revenue totaled $1.035 billion, reflecting a 25% year-over-year increase, with only 6% of this revenue coming from political ads [3] - Excluding political revenue, platform revenue still grew by 15% compared to the same quarter last year [3] - Streaming hours on the Roku Channel increased by 82% year-over-year, attributed to a diverse programming lineup and effective content recommendations [4] Profitability and Margins - Platform gross margins were reported at 54.1% for the quarter and 53.5% for the entire year, surpassing internal projections due to a favorable mix shift in activities [4]