Roku Full Year 2024 Earnings: Beats Expectations

Roku (NASDAQ:ROKU) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.11b (up 18% from FY 2023).
• Net loss: US$129.4m (loss narrowed by 82% from FY 2023).
• US$0.90 loss per share (improved from US$5.01 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Roku Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

The primary driver behind last 12 months revenue was the Platform segment contributing a total revenue of US$3.52b (86% of total revenue). Notably, cost of sales worth US$2.31b amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$932.7m (46% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$88.8m. Explore how ROKU's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 17% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Roku's balance sheet health.

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