Overview

• Roku's Q1 2024 net revenue hit $882 million, surpassing Wall Street's estimates and marking a 19% year-over-year increase.
• The company's net loss narrowed to $50.85 million from $193.6 million a year ago, reflecting improved operational efficiency.
• Streaming hours soared to 30.8 billion, up 5.7 billion from the previous year, indicating strong user engagement.
• Roku forecasts Q2 revenues of $935 million and expects continued growth in platform revenue and adjusted EBITDA.
• The company successfully countered a cyberattack impacting additional user accounts, demonstrating resilience in its security measures.