Roku sees Q1 revenue $1.01B, consensus $1.01B

The company states: “We are excited by the strong execution we are driving in our platform strategy and the continued growth opportunities that lie ahead. Our focus remains on leveraging our Home Screen as the lead-in to TV, driving increased ad demand through enhanced integrations and partnerships, and growing subscription revenue. For Q1, we estimate Total net revenue of $1.005 billion, up 14% YoY. We anticipate Platform revenue growing 16% YoY and Devices revenue largely flat YoY due to elevated inventory from lower holiday sales. We expect Q1 Total gross profit of $450 million and Adjusted EBITDA of $55 million.”