Roku Releases Fourth Quarter 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)-- Today, Roku, Inc. (NASDAQ: ROKU) released fourth quarter 2024 results. Visit the Roku investor relations website to view the fourth quarter 2024 letter to shareholders.

We delivered outstanding Platform results in Q4 – our first quarter with more than $1 billion in Platform revenue, which grew 25% YoY. We also continue to expand our penetration in the U.S., which has surpassed half of broadband households. In Q4, Streaming Hours on The Roku Channel grew 82% YoY, and in the U.S. it reached households with approximately 145 million people.

We continue to make progress growing ad demand through deeper third-party platform integrations, improving the Roku Experience (which starts at our Home Screen) to expand monetization, and growing Roku-billed subscriptions. As we look ahead, we see clear paths to growing our KPMs of Streaming Hours, Platform revenue, Adjusted EBITDA, and Free Cash Flow. In addition, we expect to be operating income positive for full year 2026.

Full Year 2024 Key Results

• Total net revenue was $4.1 billion, up 18% year over year (YoY)
• Platform revenue was $3.5 billion, up 18% YoY and up 15% YoY excluding political ad spend
• Gross profit was $1.8 billion, up 19% YoY
• Streaming Households were 89.8 million, a net increase of 9.8 million from 2023
• Streaming Hours were 127.1 billion, up 21.1 billion hours YoY
• Average Revenue Per User (ARPU) was $41.49 (trailing 12-month basis), up 4% YoY

The company will host a webcast of its conference call to discuss the results today at 2:00 PM Pacific Time. Participants may access the live webcast in listen-only mode on the Roku investor relations website. An archived webcast of the conference call will also be available following the call.

About Roku, Inc.

Roku pioneered streaming on TV. We connect users to the content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku TV™ models, Roku streaming players, and TV-related audio devices are available in various countries around the world through direct retail sales and/or licensing arrangements with TV OEM brands. Roku-branded TVs and Roku Smart Home products are sold exclusively in the United States. Roku also operates The Roku Channel, the home of free and premium entertainment with exclusive access to Roku Originals, and the #3 app on our platform by both reach and engagement. The Roku Channel is available in the United States, Canada, Mexico, and the United Kingdom. Roku is headquartered in San Jose, Calif., U.S.A.

Roku is a registered trademark, and Roku TV is a trademark of Roku, Inc. in the U.S. and in other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250213296675/en/

Media

Jack Evans

jackevans@roku.com

Investor Relations

Conrad Grodd

cgrodd@roku.com

Source: Roku, Inc.