Roku Inc (ROKU) Q3 2023 Earnings Call Summary
Here are the specific viewpoints from the earnings call:
Bullish Points:
1. Net adds of 2.3 million active accounts
2. Streaming hours surpassing 100 billion for the first time on a trailing 12-month basis
3. The Roku Channel remains a top 10 streaming app
4. Platform revenue up 18% year over year
5. Integration with more than 30 programmatic partners
6. Expanded partnerships with Spotify and NFL
7. Adjusted EBITDA of $43 million in Q3
8. 75.8 million active accounts globally, up 16% year over year
9. Roku player unit sales remained above pre-COVID levels
10. Total net revenue increased 20% year over year to $912 million
Bearish Points:
1. ARPU down 7% year over year
2. Gross profit up only 3% year over year
3. Platform gross margin down 5 points sequentially
4. Devices margin negative 8%
5. Uncertain macro environment and uneven ad market recovery
6. Challenging year-over-year growth rate comparisons in content distribution and M&E
7. Uneven ad market recovery
8. Challenging macro environment
9. Competition from Amazon entering Prime Video Ads market
10. M&E spend remains weak
For more information about Roku Inc's earnings call, you can read the relevant news: Roku (ROKU) Q3 2023 Earnings Call Transcript
Comments
Now very few TV manufactures see value in ROKU and make their own OS.
I sold my 500 shares, will be back before earnings at 58
ROKU is to TV's what Garmin GPS was to Automobiles.
Rokus head of advertising quits to go to NBCU.
ROKU is easily replaced and replicated
Exited 86, will reenter in the 70s.