Close Menu
InfoQuest Network
  • News
  • World
    • United States
    • Canada
    • Europe
    • Asia
    • Latin America
    • Australia
    • Africa
  • Politics
  • Business
    • Personal Finance
    • Finance
    • Markets
    • Startup
    • Investing
    • Innovation
    • Billionaires
    • Crypto
  • Tech
  • Lifestyle
  • Sports
  • Travel
  • More
    • Science
    • Entertainment
    • Health & Wellness
    • Immigration
Trending

Trump Administration Celebrates ‘Victory’ Following Completion of South Sudan Deportations

July 5, 2025

Efficiency Is Taking Us in Circles

July 5, 2025

How to Watch Real Madrid vs. Borussia Dortmund Live for Free: Stream the FIFA Club World Cup Soccer Match from Anywhere

July 5, 2025
Facebook X (Twitter) Instagram
Smiley face Weather     Live Markets
  • Newsletter
  • Advertise
Facebook X (Twitter) Instagram YouTube
InfoQuest Network
  • News
  • World
    • United States
    • Canada
    • Europe
    • Asia
    • Latin America
    • Australia
    • Africa
  • Politics
  • Business
    • Personal Finance
    • Finance
    • Markets
    • Startup
    • Investing
    • Innovation
    • Billionaires
    • Crypto
  • Tech
  • Lifestyle
  • Sports
  • Travel
  • More
    • Science
    • Entertainment
    • Health & Wellness
    • Immigration
InfoQuest Network
  • News
  • World
  • Politics
  • Business
  • Finance
  • Entertainment
  • Health & Wellness
  • Lifestyle
  • Technology
  • Travel
  • Sports
  • Personal Finance
  • Billionaires
  • Crypto
  • Innovation
  • Investing
  • Markets
  • Startup
  • Immigration
  • Science
Home»Business»Markets»Roku’s Q2 Results Driven by Cost Cuts and User Growth
Markets

Roku’s Q2 Results Driven by Cost Cuts and User Growth

News RoomBy News RoomJuly 15, 20240 ViewsNo Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email Reddit Telegram WhatsApp

Roku Inc. has had a challenging year so far, with its stock falling by about 34% year-to-date, underperforming the Nasdaq-100. However, the company is expected to report its Q2 2024 results with revenue projected to be around $940 million, up 21% from last year, and net losses narrowing to about $0.40 per share. Roku’s platform business is expected to continue to see growth, driven by an increase in active users and higher engagement rates on its platforms.

The company’s total revenue for Q1 2024 rose 19% to $881 million, with 81.6 million active accounts globally. Roku also saw a 23% year-over-year increase in total streaming hours and a 66% increase in hours streamed on the Roku channel, resulting in higher-margin advertising revenue. However, per-user revenue growth for the platform business has been easing due to increased sales from international markets, and competition in the advertising market may be impacting the company’s performance.

Roku’s cost management and cash flows will be closely monitored following the company’s strong progress in Q1. Total operating expenses fell by 16% year-over-year in Q1, and free cash flow increased to $426.7 million. Despite a sharp decline in ROKU stock from early 2021 levels, the stock has seen fluctuations in returns over the past few years – with underperformance compared to the S&P 500 in 2021 and 2022, and outperformance in 2023.

Kangen Water

The risk-to-reward trade-off for Roku stock is seen as positive at the current market price of around $61 per share, trading at just about 2x forward revenue. With the shift of ad dollars from linear television to digital video formats benefiting Roku in the long run, and improving cash flows supporting the company’s valuation, Roku stock is valued at about $70, 15% above the current market price. The company’s performance in the coming months will determine whether it can recover from its recent underperformance compared to the S&P 500.

Overall, Roku’s Q2 2024 results are eagerly anticipated, with expectations for revenue growth and narrowing net losses. The company’s platform business continues to show promising signs of growth, driven by an increase in active users and higher engagement on its platforms. While competition in the advertising market and fluctuations in stock performance present challenges, Roku’s valuation and potential for long-term growth remain positive, with the company expected to benefit from the ongoing shift of ad dollars to digital video formats.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp

Related News

Three Dividend Stocks Offering More than 7% Returns in Any Market

August 9, 2024

Reflections on 2008: Navigating a Challenging Economy with Ford

August 9, 2024

Can Baidu’s AI Innovations Drive Stock Growth After Q2 Results?

August 8, 2024

Anticipating the Outcome of Wheaton Precious Metals’ Q2 Results

August 8, 2024

What Factors are Contributing to the Decline in Nintendo Stock Prices?

August 8, 2024

Markets Aiming for Back-to-Back Winning Days

August 8, 2024
Add A Comment
Leave A Reply Cancel Reply

Top News

Efficiency Is Taking Us in Circles

July 5, 2025

How to Watch Real Madrid vs. Borussia Dortmund Live for Free: Stream the FIFA Club World Cup Soccer Match from Anywhere

July 5, 2025

East Melbourne Synagogue Blaze: Charges Filed Against Toongabbie Man

July 5, 2025

Subscribe to Updates

Get the latest news and updates directly to your inbox.

Advertisement
Kangen Water
InfoQuest Network
Facebook X (Twitter) Instagram YouTube
  • Home
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Info Quest Network. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.