For Q4, Roku reported $4111.2 million in revenue, marking an increase of 49% from the same period the year before; analysts had expected the company to report $391.6 million in sales. "This contributed to a record 40.3 billion streaming hours during 2019, a 68% year-over-year increase".
Roku Inc beat Wall Street estimates for holiday-quarter sales and forecast full-year revenue above expectations on Thursday, as the video streaming device maker benefited from the launch of new streaming services from Walt Disney and Apple. That total still trails Amazon Fire TV, which, as of last month, had more than 40 million active users. Revenues from Roku's Platforms division (encompassing advertising, subscription revenue sharing and license fees from TV makers that use the Roku operating system) continued to dominate, raking in $259.6 million in Q4, up 71%. The adjusted EBITDA went 38 percent lower year-on-year to United States dollars 15.1 million, but improved from the loss of 0.4 million in Q3, and the gains booked in the second and first quarters of 11.1 million and 10.0 million, respectively. "This is driving more viewers to spend more time streaming and less time in traditional pay TV, and many consumers are leaving the legacy pay TV ecosystem entirely", Roku noted in its Q4 investor letter (PDF). Average revenue per user also increased 29% year-over-year to $23.14 per share.
Roku added 4.6 million active accounts in the fourth quarter, bringing the total to 36.9 million at the end of the year.
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Looking ahead to the first quarter, the company expects to see $300 million to $310 million in revenue with a gross profit of roughly $143 million to $148 million. For the year, revenues will rise year-on-year to Dollars 1.580-1.620 billion while the adjusted EBITDA will range from a loss of USD 10 million to a gain of 10 million.
Revenues for Q4 passed expectations, jumping nearly 50 percent to Dollars 411.2 million, with platform revenue advancing 71 percent and player revenue climbing 22 percent.
Roku shares were up $7.59 (5.46%) to $146.64 each in after-hours trading Thursday.