Roku Q4 650m 615m YOY 14.3m
Roku, 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 [1]. The company’s revenue also increased by 49% year-over-year to $411.2 million, beating analysts’ expectations [1]. In this article, we will take a closer look at Roku’s Q4 650m 615m YOY 14.3m report and its key highlights.
Roku Q4 Revenue
Roku’s Q4 revenue was $649.9 million, up 58% from the same period in the previous year [3]. This increase was driven by growth in both platform revenue and player revenue [3]. Platform revenue, which includes advertising and subscription revenue, increased by 81% year-over-year to $471.2 million [1]. Player revenue, which includes sales of Roku streaming devices, increased by 18% year-over-year to $178.8 million [1].
Roku’s Active Accounts and Streaming Hours
Roku added 14.3 million active accounts in FY2020, bringing the total number of active accounts to 51.2 million [4]. The company’s streaming hours also increased by 55% year-over-year to 58.7 billion hours in FY2020 [1]. This growth in streaming hours was driven by an increase in both new accounts and engagement from existing users [1].
Roku’s Net Income and Earnings Per Share
Roku’s net income for Q4 was $65.2 million, compared to a net loss of $17.4 million in the same quarter last year [4]. The company’s earnings per share were $0.49, beating analysts’ expectations of $0.05 per share [2]. For the full year, Roku’s net income was $65.2 million, compared to a net loss of $60.5 million in FY2019 [4].
Roku’s Future Outlook
Roku expects to continue its growth in 2021, with revenue expected to reach $1.5 billion [1]. The company also plans to expand its international presence and launch new products and services [1]. Roku’s strong Q4 results and its plans for future growth make it a promising player in the streaming industry.
Conclusion
Roku’s Q4 650m 615m YOY 14.3m report shows the company’s impressive growth in revenue, active accounts, streaming hours, net income, and earnings per share. The company’s plans for future expansion and product launches indicate that it is well-positioned to continue its growth in the streaming industry.
