Roku (NASDAQ:ROKU) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.06b (up 17% from 3Q 2023).
- Net loss: US$9.03m (loss narrowed by 97% from 3Q 2023).
- US$0.062 loss per share (improved from US$2.33 loss in 3Q 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 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 82%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's shares are down 15% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Roku that you need to take into consideration.
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About NasdaqGS:ROKU
Roku
Operates a TV streaming platform in the United states and internationally.
Flawless balance sheet with reasonable growth potential.
