Roku Beats but Guides Lower
Roku (ROKU) reported a 2nd Quarter June 2022 loss of $0.74 per share on revenue of $764.4 million. The consensus estimate was a loss of $0.70 per share on revenue of $806.6 million. The Earnings Whisper number was for a loss of $0.81 per share. Revenue grew 18.5% on a year-over-year basis.
The company said in its shareholders letter it expects third quarter revenue of approximately $700.0 million. The current consensus revenue estimate is $936.11 million for the quarter ending September 30, 2022.
Roku pioneered streaming to the TV.
Roku Releases Second Quarter 2022 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Roku, Inc. (Nasdaq: ROKU) today released second quarter 2022 results. Visit the Roku investor relations website to view the second quarter 2022 letter to shareholders.
The company will host a webcast of its conference call to discuss the results today at 2:00 p.m. Pacific Time. Participants may access the live webcast in listen-only mode on the Roku investor relations website or directly from this link: https://go.roku.com/earnings. An archived webcast of the conference call will also be available following the call.
About Roku, Inc.
Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku streaming players and TV-related audio devices are available in the U.S. and in select countries through direct retail sales and licensing arrangements with service operators. Roku TV™ models are available in the U.S. and in select countries through licensing arrangements with TV OEM brands. Roku is headquartered in San Jose, Calif. U.S.A.
Roku is a registered trademark and Roku TV is a trademark of Roku, Inc. in the U.S. and in other countries.
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Source: Roku, Inc.