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Roku Inc (NASDAQ: ROKU) The shares traded after normal business hours Thursday, after the maker of the streaming device announced a fourth-quarter profit increase.
Roku's quarterly profit was 5 cents per share, exceeding the 2-cent estimate. Sales reached $ 275.7 million, exceeding estimates of $ 14.08 million.
The company recorded revenue of $ 185 million to $ 190 million in the first quarter, against a consensus estimated at $ 188 million.
"2018 has been a great year for Roku, with record results and solid progress in achieving our long-term vision of powering all the world's televisions," said CEO Anthony Wood in a statement.
"While more than 3 million US households had cut the cord, Roku added nearly 8 million active accounts in 2018, bringing our total active accounts to more than 27 million by the end of the year. the Roku platform to broadcast at least part of their viewing on TV. "
Wood said he expected Roku to achieve a billion dollar turnover by 2019.
Fourth quarter highlights
- 3.3 million additional active accounts added.
- Player units increased by 30% over the previous year.
- Roku users broadcast 7.3 billion hours during the quarter, an increase of 60% over the previous year.
- Average sales per user: $ 17.95.
Roku's shares were up 1.92% at $ 51.48 after the market closed at the time of publication.
Related links:
Cramer breaks down Invest in video streaming: content is king
Citi reduces its Roku price target and gives 5 reasons to stay neutral
Photo courtesy of Roku.
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