Variety ·entertainment ·2 hours ago

Roku beats earnings forecasts, raises profit guidance on strong revenue growth

Roku reported first-quarter revenue of $1.248 billion, up 22 percent, and beat earnings forecasts while raising full-year profit guidance. The company disclosed advertising and subscriptions results separately for the first time, with advertising revenue growing 27 percent to $613 million. Roku's stock surged over 10 percent in after-hours trading following the earnings report.

Summary by Glance · Variety

Newer
Next