Roku Beats, But The Story Is Bigger

If we measured ROKU as a cable provider, as of right now, they would be the third largest cable provider in the country behind just Comcast and AT&T.

The number of accounts for ROKU rose 47% while Comcast and AT&T are essentially flat.

Roku TV is the #1 licensed TV operating system in the U.S.

Roku streamed 5.1 billion hours of content in the quarter, up 56% from the prior year.

Platform revenue rose 106% year over year to $75.1 million.



Written by Ophir Gottlieb

Preface
Roku Inc (ROKU) operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. For the quarterly earnings reported on 5-9-2018, the company beat earnings estimates, but the earnings results were the smaller story. ROKU is on the verge of becoming the operating system to streaming video — and that is a massive opportunity.

Snapshot of Financials
Before we dig in, here are the Q1 2018 highlights that the company provided:

• Total net revenue up 36% YoY to $136.6 million

• Platform revenue up 106% YoY to $75.1 million

• Gross profit up 62% YoY to $63.1 million

• Active accounts up 47% YoY to 20.8 million at quarter end

• Streaming Hours up 56% YoY to 5.1 billion hours

• Average Revenue Per User (ARPU) up 50% YoY to $15.07 (trailing 12-month basis)

• One in four smart TVs sold in the U.S. were Roku TVs.

Story
ROKU is a Spotlight Top Pick. It is building a business based on users and if we measured them as a cable provider, as of right now, they would be the third largest cable provider in the country behind just Comcast and AT&T — that’s how many people and how much content they serve, already.

source : https://seekingalpha.com/article/4180849-roku-beats-story-bigger

https://www.servicedonline.com/

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