ROKU Stock Recent News

Roku members and streaming members continue to increase at a steady pace. The company posted positive free cash flow for the fourth consecutive quarter.

Roku (ROKU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Roku (ROKU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Roku is broadening its advertising reach with its new partnership with The Trade Desk, allowing Roku to be included in omnichannel advertisement strategies. Roku's branded TVs may narrow device losses in future periods as production scales. Marketing budget forecasts are mixed for CY24 and may remain flat-to-down in 2025 due to economic pressures.

ROKU remains a long-term streaming winner, thanks to the growing subscriber base and stable ARPUs from the robust device sales. The device segment's ongoing cash burn has also been well-balanced by the expanding advertising opportunities and stable market shares. With zero debts and stable profit margins, ROKU is well positioned to emerge stronger after the normalization of macroeconomic outlook.

Shares of Roku dipped after reporting strong Q2 results, which showcased a successful new Pro series launch. The company is also expecting platform revenue to accelerate in both Q4 and FY25. Roku also continues to drive impressive adjusted EBITDA and free cash flow growth.

ROKU's second-quarter 2024 results benefit from consistent growth in streaming households and streaming hours on The Roku Channel.

Roku beat revenue and profit expectations in the second quarter. Its guidance also exceeded analyst targets.

The headline numbers for Roku (ROKU) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Roku, Inc. (NASDAQ:ROKU ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Conrad Grodd - Vice President, Investor Relations Anthony Wood - Founder, Chairman and Chief Executive Officer Dan Jedda - Chief Financial Officer Charlie Collier - President, Roku Media Conference Call Participants Shyam Patil - Susquehanna Jason Helfstein - Oppenheimer Laura Martin - Needham Vasily Karasyov - Cannonball Research Peter Supino - Wolfe Research Michael Morris - Guggenheim Securities Tim Nollen - Macquarie Cory Carpenter - JPMorgan David Joyce - Seaport Research Operator Ladies and gentlemen thank you for standing by. Welcome to the Second Quarter 2024 Roku Earnings Conference Call.