Roku releases third quarter 2024 financial results

Roku Releases Third Quarter 2024 Financial Results

SAN JOSE, Calif. — Today, Roku, Inc. (NASDAQ: ROKU) released third quarter 2024 results. Visit the Roku investor relations website to view the third quarter 2024 letter to shareholders.

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.

Q3 2024 Key Results

• Total net revenue was $1.062 billion, up 16% year over year (YoY)
• Platform revenue was $908 million, up 15% YoY
• Gross profit was $480 million, up 30% YoY; up 10% YoY excluding Q3 2023 restructuring charges
• Streaming Households were 85.5 million, a net increase of 2.0 million from Q2 2024
• Streaming Hours were 32.0 billion, up 5.3 billion hours YoY
• Average Revenue Per User (ARPU) was $41.10 on a trailing 12-month basis (TTM), flat YoY
• Fifth consecutive quarter of positive Adjusted EBITDA and Free Cash Flow (TTM)