- The stock price of Roku Inc (NASDAQ: ROKU) increased by over 5% pre-market. This is why it happened.
The stock price of Roku Inc (NASDAQ: ROKU) increased by over 5% pre-market. Investors are responding positively to the company’s first quarter 2021 highlights.
These are the highlights:
— Total net revenue grew 79% year-over-year (YoY) to $574.2 million;
— Platform revenue increased 101% YoY to $466.5 million;
— Gross profit was up 132% YoY to $326.8 million;
— Roku added 2.4 million incremental Active Accounts in Q1 2021 to reach 53.6 million;
— Streaming Hours increased by 1.4 billion hours over last quarter to 18.3 billion;
— Average Revenue Per User (ARPU) grew to $32.14 (trailing 12-month basis), up 32% YoY;
— Raised approximately $1 billion through an At-The-Market (ATM) stock offering
Outlook ($ in millions) Q2 2021E
— Total net revenue $610 – $620
— Total gross profit $295 – $305
— Net Income (loss) $10 – $20
— Adjusted EBITDA $60 – $70
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
