From The Hollywood Reporter · Caitlin Huston · · 40s
Roku Beats Analysts with $183M Net Income
Roku's third-quarter sales and net income surge past analyst expectations.
In brief
Roku's third-quarter sales and net income surge past analyst expectations. Roku reported $1.5 billion in net revenue and $183 million net income, exceeding analyst forecasts. Originally reported by The Hollywood Reporter.
Roku's Third-Quarter Results
Roku reported net revenue of $1.5 billion, up 24 percent year-over-year, exceeding analyst expectations of $1.41 billion.
Net Income Surges 639 Percent
Net income reached $183 million, a 639 percent increase from the previous year, translating to diluted earnings per share of $1.20.
Exceeds Analyst Forecasts
Analysts had predicted earnings per share of $0.55, but Roku's results surpassed expectations.
The bottom line
Roku reported $1.5 billion in net revenue and $183 million net income, exceeding analyst forecasts.
