Roku CEO Anthony Wood will be speaking on stage at The Future of TV Streaming & Entertainment during the Tribeca X-2021 Tribeca Festival on June 18, 2021 at Spring Studios in New York City.
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Roku In after-hours trading on Wednesday, stocks fell more than 8% after reporting higher-than-expected second-quarter earnings, but showed a slowdown in streaming TV viewing since the previous quarter and tight hardware margins. rice field.
Here’s how the company compared it to Refinitiv’s consensus estimate:
- EPS: Estimate of $ 0.52 per share vs. $ 0.13 per share
- Revenue: $ 645 million vs. estimated $ 618 million
According to the company, streaming time decreased by 1 billion hours from the first quarter of 2021 to a total of 17.4 billion hours in the second quarter. The company cited consumers seeking out-of-home entertainment activities such as dining and travel in the second quarter due to stagnant demand and relaxation of Covid-19 restrictions. However, Roku’s streaming time still increased by 19% year-on-year globally, the company said.
among them Shareholder letterHe also said that “strict parts supply conditions and transportation constraints” continued to increase costs faster than expected.
“In the second quarter, we isolated consumers from rising costs for Roku players, which resulted in a negative gross margin for players in the quarter,” the letter said.
The company’s total net sales were $ 645 million in the quarter, up 81% year-over-year. Meanwhile, the company’s platform revenues exceeded $ 500 million for the first time in the segment’s history, reaching $ 532 million driven by content delivery and advertising.
Roku also mentioned prepayment for ads where advertisers spend part of their annual budget on TV ads. The company said it had doubled its $ commitment compared to last year, and said 42% of all advertisers who committed to Roku in advance did not participate last year.
Roku 2021 Q2 Revenue
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