Shares of Roku Stups more than 10%on Friday, at a given moment and reached a new 52 weeks high, on income that defeated Wall Street's expectations.
In an interview on CNBC's “Squawk Box” CEO Anthony Wood said more than half of the American broadband households now watch TV with Roku.
Wood said that in the most recent quarter, the company has added more than four million new streaming households and is on its way to reach 100 million streaming households in the following year.
The growth of the company was partially driven by the Roku user experience, including promoting content on the home screen, Wood told Julia Boorstin of CNBC.
“We are the number 1 streaming operating system in the country and in most of America with a great margin,” he said.
This is how the company performed for the fourth quarter compared to what Wall Street expected, based on a study among analysts by LSEG:
- Loss per share: 24 cents versus a loss of 40 cents expected
- Gain: $ 1.2 billion versus $ 1.14 billion expected
The company increased sales by 22% to $ 1.2 billion. It 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, for the same quarter a year earlier.
Roku reported 89.8 million streaming households from the end of 2024, an increase of 12% on an annual basis. From the next quarter, the company no longer expects that the metric, because the win reports are streamlining to concentrate on income and profitability.
Roku also reported an increase of 18% on an annual basis in streaming hours in the fourth quarter, with a focus on continuing to grow the advertising question due to “deeper platform integrations from third parties,” the company said in its winstrease.
“Advertising is a large part of our company, and therefore a big focus for us in our strategy is to continue to grow the demand by working with third -party partners,” Wood said.
The company predicts the net turnover of $ 1 billion and the gross profit of $ 450 million for the first quarter of 2025.
