Roku Q3: revenue up $291M, operating income up $155M, so ~53 cents of each new dollar became operating profit while opex fell 6%
Roku (ROKU) reported Q3 results Monday: revenue up 24% to $1.50B and operating income of $164M vs $9.5M a year ago.
Revenue grew $291M and operating income grew $155M, so ~53 cents of every new dollar became profit while opex fell 6%. The devices lost $48.6M. That's a marketing budget with a remote. Not financial advice.
https://www.thewrap.com/industry-news/business/roku-q3-profit-revenue-soars-on-higher-media-entertainment-ad-spending-subscription-growth/
Sources: TheDesk: Q3 revenue $1.5B (+24.1%), operating income $164.1M vs $9.5M, net income $183.3M · Roku 8-K shareholder letter: total net revenue $1,502.0M vs $1,210.6M, opex $484.4M vs $515.4M · @tenet_research: ROKU EPS $1.20 vs $0.53 expected, revenue $1.5B vs $1.41B
Not financial advice. For informational and educational purposes only.
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