Roku Inc (NASDAQ: ROKU) is one of the stocks investors will be watching at the close of the week. This follows the company’s announcement of strong Q4 results, and growth in customer numbers. The company announced that in the quarter, active accounts increased by 4.6 million to hit $36.9 million. This was much higher than analyst expectations of 35.9 million accounts at the end of Q4.
In terms of finances, the company reported an EPS loss of $0.13 on revenues of $411.2 million. This beat Wall Street consensus of $0.14 on revenues of $391.7 million. In Q1, the company offered a forecast of $300 – $310 million and a loss of $18 – $23 million. Analysts were forecasting sales of $296.8 million for Q1.
Commenting on the strong results, the company’s Chief Finance Officer Steve Louden stated that, Disney had lots of good press, and that ROKU is a good source of viewership for Disney’s Disney plus. He added that, Disney had been a good partner to the company. He further stated that, the entry of new services was good for ROKU in terms of increasing the number of people using their platform, and also grow user engagement. He also stated that, the company’s business model is set up in a way that, when a partner creates value, ROKU can push the same to a big audience using the best tools in the market.
He concluded by stating that, while the company does not comment on commercial terms, they do sign up subscribers for Disney, and it was good for them.
Looking at its price action, ROKU did not move much in Thursday’s session. It opened the day at $139.50 and traded between a low of $138.36 and a high of $141.71, before closing the day at $139.05. Volumes in the day stood at 20.64 million.
About Roku Inc
Roku Inc is a T.V streaming platform. It is based in Los Gatos, California.