Exhibit 99.1

 

August 8, 2018

Fellow Shareholders,

Roku delivered particularly strong Q2 2018 financial results. Robust active account growth expanded the reach and scale of our TV streaming platform, while at the same time Roku captured a bigger share of TV advertising budgets and continued progress on monetization. Our investments are delivering a better streaming experience for consumers, bigger audiences for content owners, and more effective marketing tools for brands. We are raising our full year 2018 outlook and believe Roku is well-positioned to seize the significant opportunities being created by the transition to streaming.

A few Q2 2018 highlights:

Total net revenue up 57% YoY to $156.8 million;

Platform revenue up 96% YoY to $90.3 million;

Gross profit up 107% YoY to $77.8 million (up 83% YoY excluding an $8.9M benefit to Player COGS from releasing accruals related to potential IP licensing liabilities that have not materialized);

Active accounts up 46% YoY to 22.0 million at quarter end;

Streaming hours up 57% YoY to 5.5 billion hours;

Average Revenue Per User (ARPU) up 48% YoY to $16.60 (trailing 12-month basis);

The Roku Channel is now a Top 5 channel by active account reach.

 

Roku Q2 2018 Shareholder Letter

1

 


The following information was filed by Roku, Inc (ROKU) on Wednesday, August 8, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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