$ROKU Earnings, Charts, Slide Show Link

https://twitter.com/peregreine/status/1494544216059523073

1) $ROKU Earnings 17 FEB 22 after the bell:

Profit: +.17 CENTS per share
+41.67% eBEAT
-3.5% rMISS
Earnings Decline: -65.30%
Revenue Growth: +33.20%
Reduces Guidance; -4.13%

Last sale after-hours: $112.35, for -22.36% loss piled on top of intraday loss of -10.37%

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https://image.roku.com/c3VwcG9ydC1B/4Q21ShareholderFinal.pdf…

  • Active accounts reach 60.1 Million, a net increase of 8.9 Million active accounts yoy

  • Roku’s U.S. active account base surpassed the U.S. video subscribers of all of the cable companies combined.

  • Streaming hours increased 14.4 Billion hours yoy to 73.2 Billion hours

We had strong active account net adds overall in 2021, though growth rates slowed some in the second half of the year. We believe that the slowdown in Q4 was, in large part, attributable to global supply chain disruptions that have impacted the U.S. TV market. Similar to Q3, overall U.S. TV unit sales in Q4 fell below pre-COVID 2019 levels. Some of our Roku TV OEM partners were hit particularly hard with inventory challenges, which negatively impacted their unit sales figures and market share in Q4.

These reduced Roku TV™ model sales were partially offset by our player unit sales, which remained above preCOVID 2019 levels and down only 4% year-over-year (despite comparing against a pandemic-driven surge in 2020). This was a result of careful management of our streaming player supply chain and inventory. Our strong and growing ARPU allowed us to prioritize account acquisition and insulate consumers from rising material and shipping costs in our player business. This resulted in player gross margin turning negative in Q3 and Q4 and also for the full year. While we expect market conditions to result in player-related costs remaining elevated for the near term, we do not believe these conditions will be permanent.

https://image.roku.com/c3VwcG9ydC1B/4Q21ShareholderFinal.pdf…

Monetization

We had strong active account net adds overall in 2021, though growth rates slowed some in the second half of the year. We believe that the slowdown in Q4 was, in large part, attributable to global supply chain disruptions that have impacted the U.S. TV market. Similar to Q3, overall U.S. TV unit sales in Q4 fell below pre-COVID 2019 levels. Some of our Roku TV OEM partners were hit particularly hard with inventory challenges, which negatively impacted their unit sales figures and market share in Q4. These reduced Roku TV™ model sales were partially offset by our player unit sales, which remained above preCOVID 2019 levels and down only 4% year-over-year (despite comparing against a pandemic-driven surge in 2020). This was a result of careful management of our streaming player supply chain and inventory. Our strong and growing ARPU allowed us to prioritize account acquisition and insulate consumers from rising material and shipping costs in our player business. This resulted in player gross margin turning negative in Q3 and Q4 and also for the full year. While we expect market conditions to result in player-related costs remaining elevated for the near term, we do not believe these conditions will be permanent.

Very interesting comps here:

https://twitter.com/covered_call/status/1494432304885809155