Roku releases fourth quarter and fiscal year 2019 financial results
Roku releases fourth quarter and fiscal year 2019 financial results.added a record 4.6 million incremental active accounts in q4 and ended 2019 with 36.9 million active accounts.sees q1 2020 total net revenue $300 million - $310 million.qtrly revenue $411.2 million.sees q1 2020 net loss $60 million - $55 million.qtrly loss per share $0.13.q4 earnings per share view $-0.14, revenue view $391.6 million -- refinitiv ibes data.sees 2020 total net revenue $1,580 million - $1,620 million.believe investing incremental gross profit in 2020 to extend strategic advantages best positions us for the decade ahead.roku users streamed 11.7 billion hours in the quarter, an increase of 60%.sees 2020 net loss $180 million - $160 million.q1 revenue view $297.5 million -- refinitiv ibes data.fy2020 revenue view $1.58 billion -- refinitiv ibes data.yoy growth rate in streaming hours moderated somewhat in q4 due in part to the timing of black friday falling a week later in 2019.yoy growth rate in streaming hours moderated somewhat in q4 due in part to partial rollout of the “are you still watching” feature.predict that by 2024 roughly half of all u.s. tv households will have cut the cord or never had traditional pay tv..implied in 2020 outlook is roughly $905 million of gaap operating expenses.plan to hire new employees at a rate similar to the organic headcount growth rate 2019.
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