Thread by @OphirGottlieb, 1/n$ROKU* Q1 EPS $0.54 Beats $(0.15) Estimate* Sales $574.18M Beat $490.56M Estimate [...]

Ophir Gottlieb

OphirGottlieb

1/n

$ROKU

* Q1 EPS $0.54 Beats $(0.15) Estimate
* Sales $574.18M Beat $490.56M Estimate

2/n

$ROKU

Roku Q1 Adj. EBITDA $125.948M vs Adj. EBITDA Loss $16.312M In Same Qtr. Last Year

3/n

$ROKU

Guidance:

Roku Sees Q2 2021 Revs $610M-$620M Vs $549.4M Est

4/n

$ROKU is a $500 stock. Stop it with the bullshit EV to sales numbers. Sales are 25%-50% higher than analysts have forecast now for 4+ years.

EV: Actual sales and not forecast sales is still low.

5/n

$ROKU

* Q1 EPS $0.54 Beats $(0.15) Estimate
* Sales $574.18M Beat $490.56M Estimate

Next Q Guidance:

* Sales: $615M vs $549M

6/n

$ROKU

For the remainder of the year, we expect the year-over-year growth rates of both metrics to be lower than those in 2020.

However, we expect net adds of both active accounts and streaming hours to be above pre-COVID-19 levels.

7/n

$ROKU

Furthermore, we anticipate continued strong engagement as we expect streaming hours per account to be higher in 2021 than in 2020.

8/n

$ROKU

* Active accounts +35%
* Streaming hours +49%
* ARPU +32%

9/n

$ROKU

* Platform revenue +101%

10/n

Recap...

* Revenue: $574.2M versus analyst expectations of $490.89M

* Adj EPS: $0.54 versus -$0.15.

* Adjusted EBITDA: $125.9M versus $31.8M

* Platform Revenue: $466.53M (up 101% yoy) versus $382.5M

Gross Margin %: 56.9% versus 48.9%

h/t @MrBuyside

11/n

$ROKU

Guidance:
* Next Q Revenue: $615M versus analyst expectations of $549.65M

* Next Q EPS Guidance: $0.28 versus -$0.21
(I used 233M fully diluted shares)

You can follow @OphirGottlieb.

Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: