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Roku Q2 Sales Rise 14%, Beating Expectations, as Losses Narrow
Roku's Q2 2024 results beat Wall Street expectations, helped by a 2% drop in operating expenses and a 39% increase in devices revenue.
“The Roku Home Screen, which is the beginning of our viewers’ streaming experience, reaches U.S. households with over 120 million people every day.” The execs noted the company hit its fourth consecutive quarter of positive adjusted EBITDA and free cash flow as a result of top-line growth and “ongoing operational efficiencies.” “We remain confident in our ability to accelerate Platform revenue in 2025 and beyond as we maximize ad demand, lean into our Home Screen as the lead-in for TV, and grow Roku-billed subscriptions,” Wood and Jedda wrote. As part of boosting the Roku Channel’s slate of free, ad-supported programming, the company this spring landed exclusive multiyear rights for Major League Baseball’s Sunday Leadoff live games, a package previously with NBCUniversal’s Peacock.
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