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Earnings transcript
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ROKU
Roku, Inc.
$120.91
-2.66
(-2.15%)
| Exchange: | NASDAQ |
| Market Cap: | 17.858B |
| Shares Outstanding: | 85.71M |
Delayed data
About The Company
| Sector: | Communication Services | |||||
| Industry: | Entertainment | |||||
| CEO: | Anthony J. Wood | |||||
| Full Time Employees: | 3340 | |||||
| Address: |
| |||||
| Website: | https://www.roku.com |
Roku, Inc., alongside its affiliated companies, operates a significant platform for television streaming. The enterprise is segmented into two primary areas: Platform and Player. Through its platform, users can effortlessly explore and access a vast selection of content, including films, television series, live broadcasts, news updates, sports events, and other forms of entertainment. As of December 31, 2021, Roku had garnered 60.1 million active user accounts. Beyond its core streaming service, Roku generates revenue from diverse offerings such as digital and video advertisements, content distribution, and the management of subscriptions and billing. The company also facilitates various e-commerce transactions and provides opportunities for brand sponsorship and promotions. Roku further diversifies its business by manufacturing, marketing, and licensing smart televisions under the “Roku TV” brand. Additionally, it offers a line of Roku-branded hardware, which includes streaming devices, audio equipment, and related accessories. A specific revenue stream comes from selling dedicated channel buttons that are integrated into the remote controls of its streaming gadgets. Roku distributes its comprehensive range of products and services through multiple channels: traditional retail outlets, specialized distributors, and directly to consumers via its official website. Its operational footprint extends across the United States, Canada, the United Kingdom, France, Mexico, Brazil, Chile, Peru, and broadly throughout both North and South America, as well as Europe. Roku, Inc. was founded in 2002 and is headquartered in San Jose, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,484,619 | 4,112,898 | 4,737,251 |
| Gross Profit | 1,522,615 | 1,805,645 | 2,074,424 |
| EBITDA | -362,869 | 219,864 | 334,975 |
| Operating Income | -792,377 | -218,167 | -5,624 |
| Net Income | -709,561 | -129,386 | 88,361 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,261,792 | 4,303,933 | 4,433,483 |
| Total Liabilities | 1,935,459 | 1,811,196 | 1,775,538 |
| Total Stockholders Equity | 2,326,333 | 2,492,737 | 2,657,945 |
| Total Debt | 654,273 | 591,927 | 871,798 |
| Cash and Cash Equivalents | 2,025,891 | 2,160,236 | 1,587,068 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 255,856 | 218,045 | 483,718 |
| Capital Expenditure | -82,619 | -5,061 | -5,280 |
| Free Cash Flow | 173,237 | 212,984 | 478,438 |
| Net Income | -709,561 | -129,386 | 88,361 |
| Net Change in Cash | 104,648 | 94,035 | -573,571 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,832,133.259 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 8,188,494.985 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 7,981,642.515 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 188,544.266 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 197,123.022 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 192,143.428 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,061,329.393 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,124,467.956 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,087,818.976 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,584,953.869 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,702,569.158 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,634,298.602 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 7.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 7.450 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 7.030 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 12 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: ROKU has demonstrated consistent revenue increases as per income statement data, reflecting strong market demand for its streaming services and devices. This growth aligns with industry trends in digital media and entertainment, positioning ROKU favorably within the sector.
- Strong Liquidity Position: Balance sheet data indicates a healthy level of cash and cash equivalents alongside a solid current ratio (TTM), suggesting ROKU’s ability to meet short-term obligations and invest in growth initiatives without immediate financial strain.
- Innovative Product Offerings: Insights from earnings call transcripts highlight ROKU’s focus on enhancing user experience and expanding content partnerships, which supports customer retention and market share growth in a competitive streaming landscape.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates ROKU intrinsic value between $20.77 – $21.67 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about ROKU valuation
Is Roku, Inc. (ROKU) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Roku, Inc. (ROKU) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ROKU a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ROKU trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ROKU’s P/E ratio?
You can see ROKU’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ROKU?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ROKU a good long-term investment?
Whether ROKU fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ROKU
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-2.15
Trading Metrics:
| Open: | 125.42 | Previous Close: | 123.57 | |
| Day Low: | 118.03 | Day High: | 127.15 | |
| Year Low: | 73.91 | Year High: | 133.46 | |
| Price Avg 50: | 116.54 | Price Avg 200: | 103.56 | |
| Volume: | 3.312M | Average Volume: | 2.534M |
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Login — it's freeROKU full analysis
Welcome to MARKETSNAP’s SWOT analysis for Roku! Hey everyone, I’m thrilled to dive into this one with you today. Roku is a name most of you already know well as a leader in the streaming space, so I won’t bore you with the basics. Instead, let’s talk about what’s been happening lately with this company, unpack their strengths and weaknesses, and figure out what opportunities and threats lie ahead for long-term investors like us. Whether you’re already holding shares or…
