Roku reported total net revenue of $1.2 billion in its fourth quarter, above its prior guidance of $1.140 billion.

This also marks the first quarter the streaming platform reported more than $1 billion in platform revenue. Roku reported gross profit of $512.6 million, above its guidance of $465 million, and a net loss of $35.5 million.

In the fourth quarter, streaming hours on The Roku Channel were up 82 percent year-over-year. In the U.S., the channel reached households with approximately 145 million people. In the quarter, Roku noted that advertising activities grew faster than platform revenue and outperformed the overall ad market.

Full year 2024 net revenue was $4.1 billion, up 18 percent year-over-year. For the full year, Roku reached the number of streaming households hit 89.8 million, a net increase of 9.8 million from 2023. There were 4.3 million net adds in the fourth quarter.

As the company previously stated, it will no longer provide quarterly updates on streaming households and ARPU starting with the Q1 2025 earnings results. However, as of the first week of January, Roku stated that it had reached more than 90 million streaming households.

For the first quarter of 2025, Roku expects net revenue of $1 billion and gross profit of $450 million. The company expects a net loss of $40 million.

More to come.