Anthony. Thanks
off record Our strong results. executed fourth capped great and well delivered another quarter results We year.
continued a highlights for the your and through the accounts incremental We walk strong demand active TVs fourth million XXXX active I'll quarter year and questions, financial ending an resulted and operational which $X.X the players in taking for and Before saw with address accounts. in million outlook. XX.X
has We eight nearly million million XXXX active just six years. last added Our XXXX. scale accounts in rapidly several under the more expanded over and in
In addition engagement see up XXXX scale, with we XX billion streaming the on to platform our to hours, increasing continued to X.X year-over-year growing billion.
As Total years streaming items QX But they Roku few our year-over-year, again, with came letter our in and XX% revenue but prior than million, total streamed to increased a more year-over-year units the our year $XXX.X outlook. half retail full year-over-year $XXX.X combined. were streaming up up Roku from XX% provide more letter, million highlight in also in Not for than continue choosing as in well-executed revenue we for are XX% mentioned shareholder revenue XX% holiday I'll only quarter. see Player full the expectations X% ever. nine record our users as quarter of and shareholder see Player platform a platform, Please their details down were to and QX players. with the and to a XX% strong of the year a demand financial XXXX entire more are growth revenue. last another representing strong of ASPs sub-$XX season. we ahead channels from and people
the new season of quarter solid was and XXX X,XXX year-over-year. first the in margin during hires record with to holiday player was accounts. a year fourth by Gross marking ended above drove profit partially metric performance XX% driven active high up activity which points impact up record by quarter year-over-year quarter platform XX% our basis employees is of a margins, million. over $XXX $XXX offset year-over-year million We had growth financial key the unit the this XX.X%, in promotional Our up gross that number a net
are believe growth R&D, investments now sales strengthening G&A We and our making bolstering attracting are market opportunities. and in marketing, our outstanding the we and talent and are position future
employees post-IPO compensation. equity in comp In and $XX we with to to XXXX, which comp One million of salaries This in RSU-based XXXX an created equity existing attract first the a brands. increase in function and talent key competitive is their XXXX. million provided increased refresh stock-based a from $XX ways step we transitioned our through structure
We in with our roughly in benchmarking compared expect our comp to line with the believe OpEx stock-based peers. comp to quarter grew data, we $XX million. million stock-based in to XXXX. increase is When XX% $XXX.X
QX year-over-year and Excluding turn year-over-year profit. full year. that, was million line of is well revenue which stock-based With comp, up to a $XX.X OpEx Adjusted with of the for EBITDA result profit XX% our as record grew to in more outlook outlook in growth. ahead gross in let's a and gross revenue higher XX% our
Included in player of $XXX in XXXX in outlook roughly our for million platform call midpoints revenue just letter, roughly growth. flat two-thirds profit. over $X our As our to gross outlook revenue the XX% of billion and in you Each saw revenues roughly growth is of and total year-on-year. revenue
year and purposes, for to full subscriptions. gross the XXs plan of introduction modeling should in For continued you low mix percent video driven a shift platform as margins premium advertising revenue by of
growth optimizing to working our profit modeling In growth reflects strategy XXXX players, you XXXX. and platform adjusted consistently given you the For breakeven, We forward-looking that our on of is expect low account player player gross continued statements, account margins revenue are purposes, outlook we prior to our trading for should remind player EBITDA and gross not for well. for single-digit growth the us approach. that manage discussed have margin focus in we and margin business managing to
list a than We ever robust we ahead lie fundamental confident carefully are prioritized huge more about have advantages the pursue. and to competitive of and Roku's that opportunities opportunities
back profit do While OpEx reinvesting a the the to is thing is shareholder meaningful of portion we gross right into long-term value. our believe business drive discretionary, to
lowest But reminder, non-cash the includes comp and $XX this Our $XX XXXX an a million stock-based for loss outlook in year. $XX as net and calls amortization. of QX revenue quarter income of the seasonally million is for million expensing depreciation at the midpoint.
we For revenue to drop to nearly expect XX% platform fall player sequentially. revenue sequentially XX% and nearly QX,
For the revenue year-over-year a delivery to roughly XX% at comparison Platform our growth growth of product of tough with midpoint. a year-over-year new QX Powered revenue the of is QX, partners. our from XXXX Roku of outlook XX% includes one for
the QX in more would the prior of year, be item platform with closely this Excluding rates. in impact line growth revenue growth
QX player roughly in revenue On side, outlook factors growth. high single-digit player our the
be player growth gross single-digit to shift is on drag outlook advertising profit roughly margins, when a at mix Continued to platform XX% for expected a our growth midpoint. is gross video with gross margin combined and QX the
that continue One seasonal. total seems for challenges the to that year. with modeling be expenses OpEx Headcount we of is grow quarters our of Street is not Roku and account have been three OpEx struggling roughly the throughout and in to we'll headcount related the
QX as QX. of that recognized in well is $XX quarter OpEx As QX million in roughly full higher new QX place in to expected the a be than in hires QX as impact the hiring took as result, we
forward and nine and are In the an expect adjusted and $XXX have accounts discussed in with sharing we summarize as growth result, quarter. of going. by active the at we we As to by platform going stock-based we a I'll accounts an ARPU. had have million million $XX a roughly $XX of XXXX, XXXX, roughly with revenue you which comp In amortization platform the where active a million and depreciation and trends business in the we million $XX are well. little saying OpEx how seasonal the $XX in of $X encourage $XX business of income $X million ARPU. factor on net a million, performance from million Roku had loss midpoint We a $XX for and business pleased million Roku to perspective come EBITDA and dynamics where sequential the report includes and loss
in XXXX, for to platform strength call our turn revenue on value. in deliver let's us to our to business, questions. two-thirds The that to focus roughly look from ability streaming, our monetization. all with $X we our achieve the As expect With confidence the over replicating long-term shareholder coming billion difficulty Operator? laser give of that fundamentals and significant we in of
