Roku Reports Q4 Loss but Exceeds Revenue Expectations, Faces Challenges Ahead

Despite surpassing Wall Street forecasts for Q4 2023, Roku warns of a difficult media and entertainment spending environment for 2024.

Roku's Q4 2023 revenue reached $984.4 million, a 14% increase, with over 80 million active accounts globally by year-end.
The company reported a net loss of $78.3 million in Q4, an improvement from the previous year's $237.1 million loss.
Shares fell more than 15% in after-hours trading, reflecting concerns over future media and entertainment spending.
Roku aims for profitability over time, despite near-term challenges in the ad market and macro environment.
The streaming platform's average revenue per user (ARPU) decreased by 4% year over year, attributed to a larger share of international accounts.