Roku (NASDAQ: ROKU) earnings are out! Is this the streaming stock that you need in your portfolio?
The major highlights of Roku's Q4 earnings are the following:
- Total net revenue grew 58% year-over-year.
- Active accounts are up 39% year-over-year, adding roughly 14.3 million new users compared to last year and 5.2 million new users compared to a quarter ago.
- Average Revenue Per Users (ARPU) hit $28.76.
- Platform Revenue (which consists of ads and subscriptions) is up 81% year-over-year and makes up 72% of the total revenue. This has terrific gross margins of 63.8%. The other 28% comes from player revenue which is only up 18% year-over-year, with low single-digit margins for the quarter.
- 17 billion streaming hours up 55%.
- Future plans to continue to expand into new regions and markets.
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