Stocks roku It surged 14% on Friday, hitting a new 52-week high in revenues that beat Wall Street’s expectations.
In an interview with CNBC’s “Squawk Box,” CEO Anthony Wood said that more than half of US broadband households watch television on Roku.
Wood said the company plans to add more than 4 million new streaming households in the most recent quarter, reaching 100 million streaming households next year.
The company’s growth was driven in part by the Roku user experience, including promoting content on the home screen, Wood told CNBC’s Julia Boorstin.
“We are the number one streaming operating system in the country and most of the US, with a wide margin,” he said.
Based on an analyst survey by LSEG, here is how the company performed in the fourth quarter compared to what Wall Street had expected:
Loss per share: 24 cents vs 40 cents losses expected revaluation: 1.2 billion vs 1.14 billion dollars
The company increased revenue by 22% to $1.2 billion. It reported a net loss of $35.5 million, or 24 cents per share period, a net loss of $78.3 million for the same period last year, or an improvement of 55 cents per share.
Roku reported 89.8 million streaming households as of the end of 2024, an increase of 12% from the previous year. Starting the next quarter, the company does not expect to report its metrics as it streamlines its revenue reporting and focuses on revenue and profitability numbers.
Roku also reported an 18% increase in streaming time in the fourth quarter from the previous year, focusing on continuing to increase advertising demand through “deep third-party platform integration,” which has led to revenue. said in the release of
“Advertising is a big part of our business, so our big focus for us in our strategy is to increase demand by working with third-party partners,” Wood said.
The company forecasts net revenue of $1 billion and gross profit of $450 million for the first quarter of 2025.
