NASDAQ$ROKU
Roku Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Roku delivered solid Q2 2024 results, with growth in streaming households, streaming hours, and platform revenue, alongside a fourth consecutive quarter of positive Adjusted EBITDA and Free Cash Flow.
Roku's Q2 2024 results showed solid growth with a 14% increase in Streaming Households YoY, a 20% increase in Streaming Hours YoY, and an 11% increase in Platform revenue YoY. The company achieved its fourth consecutive quarter of positive Adjusted EBITDA and Free Cash Flow.
- Total net revenue was $968 million, up 14% year over year.
- Platform revenue was $824 million, up 11% year over year.
- Gross profit was $425 million, up 12% year over year.
- Streaming Households reached 83.6 million, a net increase of 2.0 million from Q1 2024.
Headline financials
Revenue & EPS history
Roku · Revenue · Quarterly
$968M
Revenue by segment
Roku · $912M total across 2 segments · Q3 2023
- Platform$787M+17.4%86.3%
- Devices$125M+37.7%13.7%
Forward guidance
For Q3 2024, Roku estimates Total net revenue of $1.010 billion, growing 11% YoY, with Platform revenue growing 9% YoY and Devices revenue growing 24% YoY. They expect Q3 total gross profit of $440 million and Adjusted EBITDA of $45 million. For Q4, they anticipate the YoY growth rate of Platform revenue will accelerate sequentially.
Tailwinds
- Total net revenue of $1.010 billion, growing 11% YoY
- Platform revenue growing 9% YoY
- Devices revenue growing 24% YoY
- Q3 total gross profit of $440 million
- Adjusted EBITDA of $45 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+6.1%
Avg return
Earnings day
+9.1%
Avg return
5 days after
+11.8%
Avg return
30 days after
49%
19 / 39 earnings
Positive
+76.5%
Q1 2016
Best reaction
-30.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.0% | +9.8% | +11.7% | |
| Q4 2025 | +8.6% | +8.8% | +10.5% | |
| Q3 2025 | +8.5% | +5.6% | -3.2% | |
| Q1 2025 | -8.7% | -11.0% | +7.7% | |
| Q4 2024 | +14.1% | +6.5% | -21.9% | |
| Q3 2024 | -16.1% | -12.1% | -9.7% | |
| Q2 2024 | -8.7% | -8.9% | +16.4% | |
| Q1 2024 | -8.9% | -6.7% | -8.2% | |
| Q4 2023 | -21.1% | -26.3% | -29.9% | |
| Q3 2023 | +31.0% | +39.8% | +73.8% | |
| Q2 2023 | +25.4% | +36.4% | +7.7% | |
| Q1 2023 | -1.2% | -1.8% | -2.9% | |
| Q4 2022 | +24.6% | +26.3% | +13.4% | |
| Q3 2022 | -8.7% | -11.3% | +6.9% | |
| Q2 2022 | -24.6% | -12.9% | -21.4% | |
| Q1 2022 | +9.6% | +22.6% | +13.8% | |
| Q4 2021 | -30.3% | -24.5% | -22.7% | |
| Q3 2021 | -7.7% | -11.6% | -34.4% | |
| Q2 2021 | -3.4% | -4.8% | -18.1% | |
| Q1 2021 | +4.2% | +3.3% | +7.5% | |
| Q4 2020 | +2.3% | -9.0% | -24.0% | |
| Q3 2020 | +17.5% | +0.6% | +37.4% | |
| Q2 2020 | -7.6% | -9.6% | -3.9% | |
| Q1 2020 | -0.7% | -0.3% | -18.1% | |
| Q4 2019 | -5.8% | -8.1% | -41.5% | |
| Q3 2019 | -15.1% | -7.4% | +3.4% | |
| Q2 2019 | +23.9% | +36.4% | +72.5% | |
| Q1 2019 | +29.1% | +23.4% | +58.2% | |
| Q4 2018 | +20.2% | +21.3% | +19.1% | |
| Q3 2018 | -17.8% | -25.5% | -31.8% | |
| Q2 2018 | +20.9% | +16.8% | +37.6% | |
| Q1 2017 | -0.5% | -2.9% | +10.7% | |
| Q1 2018 | +7.1% | +6.6% | +18.5% | |
| Q2 2016 | -7.8% | -5.4% | -23.7% | |
| Q2 2017 | -7.8% | -5.4% | -23.7% | |
| Q4 2017 | -17.8% | -21.0% | -37.4% | |
| Q3 2016 | +76.5% | +96.1% | +137.7% | |
| Q1 2016 | +76.5% | +96.1% | +137.7% | |
| Q3 2017 | +52.6% | +123.3% | +134.1% | |
| Q4 2016 | — | — | — |
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