=Roku (ROKU) reported earnings on Wed 8 Nov 2017 (a/h)

Roku beats by $0.19, beats on revs; guides Q4 revs mostly above consensus 

• Reports Q3 (Sep) loss of $0.10 per share, excluding non-recurring items, $0.19 better thanthe two analyst estimate of ($0.29); revenues rose 40.1% year/year to $124.8 mln vs the $110.47 mln Capital IQ Consensus, driven by platform revenue growth of 137% YoY to $57.5 million; Gross Profit grew 92% YoY to $49.9 million; Active Accounts increased 48% YoY to 16.7 million at quarter end; Streaming Hours grew 58% YoY to 3.8 billion hours; Average Revenue Per User (ARPU) grew 37% YoY to $12.68
• Co issues upside guidancefor Q4, sees Q4 revs of $175-190 mln vs. $177.12 mln Capital IQ Consensus; gross profit $58-64 mln; adj EBITDA ($6)-0 mln
• "Our highermargin platform segment is the key driver of our growth and gross margin expansion, and our advertising business has more than doubled in size year-to-date. We continue to see strong momentum with our Roku TV program. One of our Roku TV partners, TCL, achieved the #2 spot for U.S. smart TV sales in September 2017 and #4 spot in 2017 year-to-date, up from #19 in 2014. We are leading the way in a rapidly evolving TV streaming ecosystem and will continue to focus on delighting our customers and creating value for our partners."