You've certainly heard of Roku (ROKU -4.77%). You may even know it's the leader of the United States' connected TV/streaming device market.
Media-streaming technology expert Roku (ROKU -0.02%) is doing well lately. As of February 25, the stock has gained 23% over the last six months thanks to a couple of tremendous earnings reports.
Roku (ROKU -0.22%) blew away Wall Street expectations when it revealed its financial results for the fourth quarter of 2024 (ended Dec. 31). Revenue increased 22% year over year to $1.2 billion.
Roku (ROKU -4.24%) recently reported financial results for the three-month period that ended Dec. 31, 2024. Revenue increased 22% year over year to $1.2 billion.
After peaking in 2021 when its shares traded above $470, Roku (ROKU -4.24%) has struggled the past few years, as streaming platform customers turned their focus more toward profitability and away from rapid customer acquisition.
The market was finally happy with Roku's (ROKU -3.54%) performance in the 2024 fourth quarter, and Roku stock is up 33% so far in 2025. Smart investors bought when it was on the outs with the market and are now benefiting from having confidence in this top company.
Roku (ROKU -3.54%) may finally be on track for a comeback.
Roku achieved over $1.0B in platform revenue in Q4'24, with 25% year-over-year growth and narrowing losses. Roku beat Q4'24 estimates with strong active account growth (+12% Y/Y) and ARPU improvement (+4%), despite ongoing operational losses. For the first time in the company's history, platform revenue exceeded $1.0B.
Roku breaks $1 billion in platform revenues. With expanding margins, a growing user base, and a clear path to profitability in 2026, investors should tune in now.
Roku (ROKU -1.82%) delivered another quarter of fantastic results for investors.
Smaller than expected loss in Q4 GAAP earnings led to a pop over the century mark.
As we progress through February, investors may notice that Roku (ROKU) and Twilio (TWLO) have been two of the hottest stocks so far this year.