Roku, Inc. (NASDAQ:ROKU) reported its fourth-quarter financial results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: Roku reported quarterly losses of 24 cents per share which beat the analyst consensus estimate of losses of 41 cents. Quarterly revenue came in at $1.2 billion which beat the analyst consensus estimate of $1.14 billion and is an increase over revenue of $984.42 million from the same period last year.

• Total net revenue was $4.1 billion, up 18% year-over-year
• Platform revenue was $3.5 billion, up 18% year-over-year and up 15% year-over-year excluding political ad spend
• Gross profit was $1.8 billion, up 19% year-over-year
• Streaming Households were 89.8 million, a net increase of 9.8 million from 2023
• Streaming Hours were 127.1 billion, up 21.1 billion hours year-over-year
• Average Revenue Per User was $41.49, up 4% year-over-year

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“We delivered outstanding Platform results in Q4 – our first quarter with more than $1 billion in Platform
revenue, which grew 25% YoY. We also continue to expand our penetration in the U.S., which has surpassed
half of broadband households. In Q4, Streaming Hours on The Roku Channel grew 82% YoY, and in the U.S. it
reached households with approximately 145 million people,” the company wrote in a letter to shareholders.

Outlook: Roku sees first-quarter revenue of $1.005 billion, versus the $1.006 billion estimate.

ROKU Price Action: According to data from Benzinga Pro, Roku shares are up 14.2% after hours at $99.15  Thursday.  

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