Roku, Inc. (NASDAQ:ROKU ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Conrad Grodd - Vice President, Investor Relations Anthony Wood - Founder, Chairman and Chief Executive Officer Dan Jedda - Chief Financial Officer Charlie Collier - President, Roku Media Conference Call Participants Shyam Patil - Susquehanna Jason Helfstein - Oppenheimer Laura Martin - Needham Vasily Karasyov - Cannonball Research Peter Supino - Wolfe Research Michael Morris - Guggenheim Securities Tim Nollen - Macquarie Cory Carpenter - JPMorgan David Joyce - Seaport Research Operator Ladies and gentlemen thank you for standing by. Welcome to the Second Quarter 2024 Roku Earnings Conference Call.
Roku (ROKU) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $0.76 per share a year ago.
Shares of Roku Inc. rallied more than 5% in the extended session Thursday after the company significantly narrowed its quarterly loss, saying that cost-conscious consumers flocked to its offerings, and called for revenue north of $1 billion for the current quarter.
Roku beat Wall Street estimates for second-quarter revenue on Thursday, benefiting from strong ad sales and the ongoing shift from cable TV to streaming platforms.
This CNBC documentary is about the rise and fall of Vladislav Klyushin and his business empire. Klyushin was just released from a U.S. prison in a prisoner swap.
Roku was one of the biggest winners of the pandemic years but has fallen quite a bit since then.
ROKU's second-quarter 2024 performance is expected to have been aided by growth in The Roku Channel library and Roku TV users amid increasing competition.
Roku reports its second-quarter results after the market close on Aug. 1. Its guidance calls for another loss on its strongest year-over-year revenue growth in more than two years.
Get a deeper insight into the potential performance of Roku (ROKU) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Roku stands out from the streaming pack with its totally free channels. Shopify's margins are starting to look stronger.
Recently, Zacks.com users have been paying close attention to Roku (ROKU). This makes it worthwhile to examine what the stock has in store.
Alphabet reported slower revenue growth at YouTube than expected. Comcast's Peacock also reported a decline in subscribers.