reports

Roku’s Stock Races to All-Time High After Surprise Q3 Profit

Reading now: 203
thewrap.com

Roku reported revenue of $452 million for Q3, up 73% from the same time last year. Roku’s sales also trounced analyst projections of $367.5 million. (About three-fourths of its Q3 revenue came from on-platform advertising, while the rest came from device sales.) The company also reported gross profit spiked 81% year-over-year to $215 million, translating to earnings of 9 cents per share — a surprise considering analysts expected Roku to lose 42 cents per share.Also Read: Tech Talk With Sean Burch and Alex Kantrowitz: How Trump Changed the Tech World Forever | PRO VideoViewers watched 200 million more hours of content than they did last quarter, totaling 14.8 billion hours spent streaming on Roku in Q3.

Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA