Roku q4 650m 615m yoy 14.3m
Roku q4 650m 615m yoy 14.3m, the popular streaming platform, has reported strong Q4 results with a total of 14.3 million active accounts, up from 11.7 million in the same quarter last year. The company’s revenue also increased by 49% year-over-year to $411.2 million, beating analysts’ expectations.
Strong Growth in Platform Revenue
Roku’s platform revenue, which includes advertising and licensing fees, grew by 71% year-over-year to $259.6 million. This growth was driven by an increase in advertising impressions and higher average revenue per user (ARPU). The company’s ARPU increased by 29% year-over-year to $23.14, thanks to a mix of higher ad load and subscription revenue. Roku’s advertising business continues to be a key driver of growth, with the company’s ad-supported streaming channel, The Roku Channel, seeing significant growth in Q4. The channel now has over 40 million viewers, up from 27 million in Q3. Roku also saw strong growth in its international markets, with international revenue increasing by 78% year-over-year.
Hardware Sales Remain Strong
Despite the strong growth in platform revenue, Roku’s hardware sales remain an important part of the business. The company’s player revenue, which includes sales of Roku streaming devices, increased by 22% year-over-year to $151.6 million. This growth was driven by strong sales of the Roku Ultra and Roku Streaming Stick+.
Outlook for 2020
Looking ahead to 2020, Roku expects to continue its strong growth trajectory. The company is forecasting revenue of $1.6 billion to $1.7 billion for the full year, representing growth of 42% to 50% year-over-year. Roku also expects to reach 36.5 million to 38.5 million active accounts by the end of the year.
In conclusion, Roku’s strong Q4 results demonstrate the company’s continued success in the streaming market. With strong growth in both platform revenue and hardware sales, as well as a positive outlook for 2020, Roku is well-positioned to continue its growth trajectory in the coming year.