Key Facts
- Netflix’s revenue rose 12.5% year-over-year to $10.5 billion in Q1 2023.
- Roku’s revenue increased 16% year-over-year to approximately $1 billion in Q1 2023.
Netflix (NASDAQ: NFLX) reported a Q1 2023 earnings per share of $6.61, up 25%, with free cash flow at $2.7 billion, 24.5% higher than last year. The company estimates a $650 billion revenue opportunity moving forward, despite growing competition.
Roku (NASDAQ: ROKU) achieved 35.8 billion streaming hours, up 5.1 billion year-over-year. Although still unprofitable, Roku’s net loss per share improved to $0.19 from $0.35 last year. A new partnership with Amazon aims to enhance advertising reach across 80 million U.S. households.
