Yahoo Finance Roku First Quarter 2024 Earnings: Beats Expectations
Roku (NASDAQ:ROKU) First Quarter 2024 Results
Key Financial Results
Revenue: US$881.5m (up 19% from 1Q 2023).
Net loss: US$50.9m (loss narrowed by 74% from 1Q 2023).
US$0.35 loss per share (improved from US$1.38 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Roku Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Roku that you need to take into consideration.
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