ROKU Q3 2021 Earnings Report & Stock Update

NASDAQ:ROKU reported Q3 2021 earnings after hour on November 3rd, 2021.

ROKU Key Results:

• Total net revenue grew 51% year-over-year (YoY) to $680 million
• Platform revenue increased 82% YoY to $583 million
• Gross profit was up 69% YoY to $364 million
• Active Accounts reached 56.4 million, a net increase of 1.3 million active accounts from Q2 2021
• Streaming hours were 18.0 billion hours, an increase of 0.7 billion hours from Q2 2021
• Average Revenue Per User (ARPU) grew to $40.10 (trailing 12-month basis), up 49% YoY
• The Roku Channel was a top 5 channel on the platform by active account reach

ROKU STOCK UPDATE: