Roku Inc - Ordinary Shares - Class A

NASDAQ:ROKU   9:38:35 AM EDT
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Other Pre-Announcement

Roku Says Withdrawing Full-Year Revenue Growth Rate Estimate

Published: 07/28/2022 21:25 GMT
Roku Inc - Ordinary Shares - Class A (ROKU) - Roku Releases Second Quarter 2022 Financial Results.
Qtrly Total Net Revenue Grew 18% Year Over Year to $764 Million.
Added 1.8 Million Incremental Active Accounts to Reach 63.1 Million in Quarter.
Qtrly Average Revenue per User Grew to $44.10 (trailing 12-month Basis), Up 21% Yoy.
Qtrly Streaming Hours Were 20.7 Billion Hours, a Decrease of 0.2 Billion Hours From Last Quarter.
Qtrly Loss per Share $0.82.
Q2 Earnings per Share View $-0.69, Revenue View $805.2 Million -- Refinitiv Ibes Data (analyst estimates).
Sees Q3 Total Net Revenue to Increase Approximately 3% Year Over Year to $700 Million.
Sees Q3 Total Gross Profit of Roughly $325 Million, and Adjusted EBITDA of Negative $75 Million.
Given the Uncertainties and Volatility in the Macro Environment, Co is Withdrawing Full-year Revenue Growth Rate Estimate.
For the H2 of Year, Forecasting That Advertising Spend, Particularly in the Scatter Market, Will Continue to Be Negatively Impacted.
Q3 Revenue View $901.7 Million -- Refinitiv Ibes Data (analyst estimates).