Roku Q4 Revenue Climbs 22%, Streaming Households Hit Nearly 90 Million as Earnings Beat Expectations

Roku overdelivered for the fourth quarter of 2024, boosting revenue 22% and narrowing its net loss to beat Wall Street expectations.

Roku reported 89.8 million streaming households as of the end of 2024, up 12% year over year and versus 85.5 million the prior quarter. It’s the last time the company expects to report the metric regularly, following in the footsteps of Netflix, as Roku going forward will focus on revenue and profitability.

Overall, the streaming platform company posted Q4 revenue of $1.201 billion and a net loss of $35,548 million (versus a net loss of $78.3 million a year earlier), or 24 cents per share. Financial analysts on average expected revenue to come in at $1.15 billion with a loss of 43 cents per share, per LSEG Data & Analytics.

“We delivered outstanding Platform results in Q4 — our first quarter with more than $1 billion in Platform revenue, which grew 25% YoY. We also continue to expand our penetration in the U.S., which has surpassed half of broadband households,” Roku said in its quarterly shareholder letter.

The company noted in Q4, streaming hours on the Roku Channel grew 82% year over year, and in the U.S. it reached households with approximately 145 million people. “We continue to make progress growing ad demand through deeper third-party platform integrations, improving the Roku Experience (which starts at our Home Screen) to expand monetization, and growing Roku-billed subscriptions,” Roku said.

In announcing the earnings, Roku said it expects to be operating-income positive for full year 2026.

More to come.