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ROKU : Pure Play On Cord-Cutting Increasing Price Target


Q4:18 Highlights Q4:18 revenues were $275.7 million, up 46% YOY, attributable to growth across both its segments – Platform (+77% YOY) and Player (+21% YOY).

The company showed strong business momentum with 40% YOY active user growth and 69% YOY streaming hours growth. On the monetization front, the average revenue per user (ARPU) increased by.

ROKU delivered gross margin of 40.7%, compared to 39.0% in Q4:17 and 45.6% in Q3:18.

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Best of the Uncovereds offers new initiation reports on roughly two dozen companies per year, with a focus on under-followed small and mid caps with significant potential. We provide a quarterly earnings update reports on all companies covered, as well as flash reports on significant news announcements by companies. We go further for members, providing recorded interviews with management teams of covered companies when available and a monthly quantitative based "Market Indicators and Strategy Report."

Disclosure: I am/we are long ROKU.