• Q4 Revenue: $867.06 million beat estimate of $809.74 million
• Q4 EPS: $(1.70) beat estimate of $(1.72)

Platform revenue was up 5% year-over-year, while devices revenue dropped 18% year-over-year.

Roku added approximately 4.6 million net new active accounts in the fourth quarter, bringing total global actives up to 70 million. Average revenue per user came in at $41.68 in the fourth quarter, representing 2% growth year-over-year.

"Despite a difficult macro environment in 2022, we made excellent progress building on our platform, brand, and industry leadership," the company said in a letter to shareholders.

"Importantly, we plan to continue to improve our operating expense profile to better manage through the challenging macro environment, while building on our platform's monetization and engagement tools and partnerships," the company added.

Roku expects first-quarter revenue of roughly $700 million, total gross profit of roughly $310 million and adjusted EBITDA of negative $110 million.

Everything You Need To Know: Roku Q4 Earnings Highlights: Revenue, EPS Beat, Active Account Update, Roku Branded TVs, Q1 Guidance And More

Analyst Assessment:

ROKU Price Action: Roku has traded between $161.56 and $38.26 over a 52-week period.

The stock was up 7.77% at $68.50 at time of publication, according to Benzinga Pro.

Photo: courtesy of Roku.