Roku releases third quarter 2023 results

Roku Releases Third Quarter 2023 Financial Results

SAN JOSE, Calif. — Today, Roku, Inc. (NASDAQ: ROKU) released third quarter 2023 results.

Q3 2023 Key Results

• Total net revenue was $912 million, up 20% year over year (YoY)
• Platform revenue was $787 million, up 18% YoY
• Gross profit was $369 million, up 3% YoY; up 22% YoY excluding restructuring charges
• Active Accounts were 75.8 million, a net increase of 2.3 million Active Accounts from Q2 2023
• Streaming Hours were 26.7 billion, up 4.9 billion hours YoY
• Average Revenue Per User (ARPU) was $41.03 (trailing 12-month basis), down 7% YoY
• Adjusted EBITDA was $43 million

The company will host a webcast of its conference call to discuss the results today at 2:00 PM Pacific Time. Participants may access the live webcast in listen-only mode on the Roku investor relations website. An archived webcast of the conference call will also be available following the call.