Roku Posts Mixed Q1 Financials And Modest Sequential Gain To 61.3M Active Accounts
deadline.comRoku reported a 28% year-over-year upswing in revenue to $734 million, ahead of Wall Street forecasts, but narrowly missed analysts’ target for the bottom line.Losses per share reached 19 cents on a diluted basis, compared with profit of 54 cents a year ago.
Wall Street had expected a penny less at 18 cents.Battered Roku shares, which have lost more than half their value in 2022 to date, fell double digits in after-hours trading before recovering to the break-even point.
They had finished the regular trading day at $91.63, up 8%.The company added 1.1 million active accounts, reaching 61.3 million.
Growth in that area has slowed significantly in recent quarters, adding to investor anxieties about supply chain and competition, though Roku remains a dominant gatekeeper in streaming.
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