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Roku gains subs but losses mount

July 28, 2023 12.33 Europe/London By Chris Dziadul

Roku ended the second quarter with 73.5 million active accounts.

This, according to the company’s latest results, was 16% more than in the same period last year.

Meanwhile, streaming hours increased by 21% year-on-year to 25.1 billion, though ARPU fell by 7% to $40.67.

Roku’s total net revenue in Q2 amounted to $847.2 million, or 11% more than a year earlier. Within this, platform revenue rose by 11% to $743.8 million.

Adjusted EBITDA in Q2 was -$17.8 million, -47% lower than the $12.1 million posted a year earlier, while its net loss slumped still further, by 14% from -$110.5 million to -$126 million.

Looking to the third quarter, Roku forecasts total net revenues of $815 million, total gross profit of $355 million, adjusted EBITDA of -$50 million and a net loss of -$155 million.

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Filed Under: Newsline, Platforms, Streaming Tagged With: Roku Edited: 28 July 2023 12:33

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