2024-02-15 19:54:05 ET
Roku, Inc. (ROKU)
Q4 2023 Earnings Conference Call
February 15, 2024, 05:00 PM ET
Company Participants
Conrad Grodd - Vice President of Investor Relations
Anthony Wood - Founder and Chief Executive Officer
Dan Jedda - Chief Financial Officer
Charlie Collier - President, Roku Media
Mustafa Ozgen - President, Devices
Conference Call Participants
Shyam Patil - Susquehanna International Group
Justin Patterson - KeyBanc
Shweta Khajuria - Evercore ISI
Laura Martin - Needham
Vasily Karasyov - Cannonball Research
Nicholas Zangler - Stephens
Jason Bazinet - Citi
Barton Crockett - Rosenblatt
Jason Helfstein - Oppenheimer
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Fourth Quarter 2023 Roku Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to the Vice President of Investor Relations, Conrad Grodd.
Conrad Grodd
Thank you, operator. Good afternoon and welcome to Roku's fourth quarter and year ended 2023 earnings call. I'm joined today by Anthony Wood, Roku's founder and CEO and Dan Jedda, our CFO. Also in today's call for Q&A are Charlie Collier, President Roku Media and Mustafa Ozgen, President Devices. Full details of our results and additional management commentary are available in our shareholder letter, which can be found on our investor relations website at roku.com/investor. Our comments and responses to your questions on this call reflect management's views as of today only and we disclaim any obligation to update this information.
On this call, we'll make four looking statements, which are predictions, projections, or other statements about future events, such as statements regarding our financial outlook, future market conditions and the macroeconomic environment. These statements are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. Please refer to our shareholder letter and our periodic SEC filings for information on factors that could cause our actual results to defer materially from these forward-looking statements. We'll also discuss certain non-GAAP financial measures on today's call. Reconciliations to the most comparable GAAP financial measures are provided in our shareholder letter. Finally, unless otherwise stated, all comparisons on this call will be against the results for the comparable period of 2022.
Now, I'd like to hand the call over to Anthony.
Anthony Wood
Thanks Conrad. Looking back at 2023, I'm proud of our execution. We delivered positive adjusted EBITDA and free cash flow a year ahead of schedule by focusing on operational improvements and platform revenue growth, which we grew double digits. We also drove record growth in our scale and engagement. A large share of my management team's attention in 2023 was spent on OpEx reduction and internal operational improvements. This year, we will be redirecting much of our attention to platform growth and innovation, where I see lots of opportunity. A core strategy for us is to take better advantage of our position as the programmer of the home screen for our 80 million active accounts globally. We use this to grow ad reach, which correlates to add revenue, as well as to grow our streaming service distribution activities....
Read the full article on Seeking Alpha
For further details see:
Roku, Inc. (ROKU) Q4 2023 Earnings Call Transcript