Roku Second Quarter 2024 Earnings: Beats Expectations

Roku (NASDAQ:ROKU) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$968.2m (up 14% from 2Q 2023).
• Net loss: US$34.0m (loss narrowed by 68% from 2Q 2023).
• US$0.23 loss per share (improved from US$0.76 loss in 2Q 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 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 10.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Roku that you need to be mindful of.

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