Actions of Roku It increased 14% on Friday, measuring a new maximum of 52 weeks, in profits that exceeded the expectations of Wall Street.
In an interview in “Squawk Box” by CNBC, the CEO Anthony Wood said that more than half of US broadband households. Uu. Now they watch television with Roku.
Wood said the company added more than four million new transmission homes during its most recent quarter and is on the way to reaching 100 million transmission households in next year.
The company's growth was partly driven by Roku's experience, including the promotion of content on his home screen, Wood told Julia Bortstin of CNBC.
“We are the number 1 operating system in the country and in most Americas by a wide margin,” he said.
This is how the company worked for the fourth quarter compared to what Wall Street expected, based on an LSEG analysts survey:
- Loss by action: 24 cents against a loss of 40 expected cents
- Revenue: $ 1.2 billion compared to $ 1.14 billion expected
The company increased revenues by 22% to $ 1.2 billion. He reported a net loss for the period of $ 35.5 million, or 24 cents per share, an improvement of a net loss of $ 78.3 million, or 55 cents per share, during the same quarter of the previous year.
Roku reported 89.8 million transmission households at the end of 2024, an increase of 12% year after year. From the next quarter, the company no longer hopes to report that metric, since it speeds up the profits to focus on income and profitability numbers.
Roku also reported an 18% increase year after year in the hours of transmission in the fourth quarter, with an approach in continuing to increase advertising demand through “deeper third party platform integrations,” said the company in its launch earnings.
“Advertising is a large part of our business, so a great approach to us in our strategy is to continue increasing demand working with external partners,” Wood said.
The company predicts net income of $ 1 billion and a gross gain of $ 450 million for the first quarter of 2025.
