Overview
- Revenue reached $1.21 billion with earnings of 16 cents per share, operating income was $9.5 million, and net income totaled $24.8 million.
- Platform revenue rose 17% year over year to $1.065 billion, driven by stronger video advertising and streaming services distribution, as streaming hours climbed 12% to 36.5 billion.
- Devices revenue declined 5% to $146 million with a segment margin of negative 15.7%.
- The company lifted full-year guidance to $4.11 billion in Platform revenue and $395 million in adjusted EBITDA, and projected about $1.35 billion in Q4 revenue with Platform gross margin near 52%.
- Roku launched Howdy at $2.99 per month with nearly 10,000 hours of content and repurchased $50 million of stock, while shares rose Friday after an initial post-earnings after-hours drop.