Entertainment Pop google Platform Enterprise UPS Тикеры

Roku See Pop In Q2 Ad Sales Despite Weak Market; Stock Rises

Reading now: 380
deadline.com

Roku blew past estimates, albeit with a net loss of $155 million last quarter, but on revenue that jumped 11% to $847 million.

Advertising-driven Platform sales beat forecasts, up 11% at $744 million despite a difficult market. A few ad categories are picking up, but spending in the media and entertainment category, already challenged industry-wide, is expected to be further pressured by limited fall release schedules, the company said in its letter to shareholders, in a nod to the ongoing writers and actors strikes.

Device revenue rose to $103 million from $95 million. The company is now selling its own line of branded smart TVs at Best Buy.

Active accounts stood at 73.5 million, a net increase of 1.9 million from the first quarter. Streaming hours of 25.1 billion, were up 4.4 billion hours year-on-year.

Read more on deadline.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