Roku Q2 Financial Overview
Roku (NASDAQ: ROKU) announced a 15% increase in revenue for Q2, reaching $1.11 billion, surpassing estimates of $1.07 billion. The company’s adjusted EBITDA rose 79% to $78.2 million, significantly narrowing its GAAP operating loss from $71.2 million to $23.3 million. However, despite these improvements, Roku’s shares fell 15.5% on the announcement date due to investor concerns regarding slower growth, with a projected Q3 revenue of $1.205 billion, only a 13% increase.
Key Metrics
- Q2 Revenue: $1.11 billion (vs. $1.07 billion estimated)
- Q2 Device Revenue: $135.6 million (down 6%)
- Q2 Platform Revenue: $975.5 million (up 18%)
- Loss Per Share: $0.07 (vs. $0.16 loss estimated)
- Future Guidance: $1.205 billion expected in Q3
The company recently initiated a $400 million share buyback program, although investor sentiment remains wary as Roku is still navigating a path toward profitability amidst competitive pressures in the streaming industry.
