Roku shares rise when the corporate quarters pants rose quarterly

Shares of Year On Friday on Friday by 14% and rose with a new 52-week high, which defeated the profits with the expectations of Wall Street.

In an interview about CNBCs “Squawk Box”, CEO Anthony Wood said that more than half of US broadband households now watch with Roku.

According to Wood, the company added more than four million new streaming households in the last quarter and on the right track next year to reach 100 million streaming households.

The company's growth was partly driven by the Roku user experience, including the promotion of content on the start screen, said Wood by Julia Boorstin from CNBC.

“We are the streaming operating system No. 1 in the country and in most America with a big lead,” he said.

For example, the company has positioned itself for the fourth quarter compared to the expectations of Wall Street on the basis of a survey among analysts from LSEG:

• Loss per share: 24 cents expected compared to a loss of 40 cents
• Revenue: 1.2 billion US dollars are expected compared to 1.14 billion US dollars

The company increased sales by 22% to 1.2 billion US dollars. It reported a net loss for the period of USD 35.5 million or 24 cents per share, an improvement compared to a net loss of $ 78.3 million or 55 cents per share in the same quarter in the previous year.

Roku reported 89.8 million households by the end of 2024, which was 12%compared to the previous year. From the next quarter, the company no longer expects to report this metric because it rationalizes the winning reports in order to focus on sales and profitability figures.

In the fourth quarter, Roku also recorded an increase in streaming working hours in the course of the year by 18%, whereby the focus was on further increasing the demand for advertising by “deeper platform integrations of third-party bidders”, the company said in its earnings publication.

“Advertising is a large part of our business, and therefore a big focus for us in our strategy is to further increase demand by working with partners of third -party providers,” said Wood.

The company predicts net sales of $ 1 billion and a gross profit of $ 450 million for the first quarter of 2025.

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