Roku stock soars on third-quarter revenue beat, solid outlook
Publishing timestamp: 2023-11-01 18:57:02
Summary
Roku reported a 20% year-over-year growth in revenue for the third quarter, beating Wall Street expectations. The company also saw an increase in active accounts and a rebound in video ads. Despite a net loss, Roku's revenue growth was driven by strong performance in content distribution, video advertising, and sales of Roku-branded TVs. The company expects continued growth in the fourth quarter.
Sentiment: POSITIVE
Tickers: ROKU,
Keywords: breaking news: earnings, earnings, business, roku inc, entertainment, business news, media, breaking news: business,
Source: https://www.cnbc.com/2023/11/01/roku-q3-2023-earnings.html