What's Going On With Roku Shares Friday?

Roku, Inc. ROKU stock is trading on Friday after the company reported a better-than-expected 2024 fiscal-year fourth quarter on Thursday after the market closed.

What To Know: The company reported a loss of 24 cents per share, beating analysts’ estimate of a loss of 41 cents per share. In addition, the company reported sales of $1.20 billion, beating analysts’ estimate of $1.14 billion.

The company broke down its revenue further, reporting platform revenue of $3.5 billion, representing an 18% year-over-year increase. Furthermore, it reported an average revenue per user (ARPU) of $41.49.

In terms of key business metrics, the company announced streaming households totaled to 89.8 million and streaming hours were 127.1 billion.

The company also issued guidance for the 2025 fiscal year first quarter. It sees revenue revenue of $1.005 billion, versus analysts’ estimates of $1.006 billion.

Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.

• JMP Securities analyst Matthew Condon maintained a Market Outperform rating on Roku and raised the price target from $95 to $115.
• B of A Securities analyst Ruplu Bhattacharya maintained a Buy rating on Roku and raised the price target from $90 to $120.
• JP Morgan analyst Cory Carpenter maintained an Overweight rating on Roku and raised the price target from $92 to $115.

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ROKU Price Action: At the time of writing, Roku stock is trading 13.5% higher at $98.53, according to data from Benzinga Pro.

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