Roku beats by $0.35, beats on revs; guides Q4 revs below consensus; CFO Louden to leave in 2023 (54.32 -2.47)
- Reports Q3 (Sep) loss of $0.88 per share, $0.35 better than the S&P Capital IQ Consensus of ($1.23); revenues rose 12.0% year/year to $761.37 mln vs the $693.72 mln S&P Capital IQ Consensus.
- Co issues downside guidance for Q4, sees Q4 revs of "roughly" $800 mln vs. $894.63 mln S&P Capital IQ Consensus.
- Separately, CFO Steve Louden plans to leave Roku sometime in 2023 after helping recruit and transition his role to a successor.
- Roku added 2.3 million incremental Active Accounts in Q3 2022 to reach 65.4 million.
- Streaming Hours were 21.9 billion hours, an increase of 1.1 billion hours from last quarter.
- Average Revenue Per User (ARPU) grew to $44.25 (trailing 12-month basis), up 10% YoY.