Roku Reports Strong Q1 Results, Beats Revenue Expectations

Roku's Q1 2024 earnings show significant improvement with a reduced net loss and a 19% increase in revenue, driven by robust ad sales and streaming service growth.

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.

Deadline

The Hollywood Reporter