Reported 28 days ago
Roku has projected annual revenue surpassing Wall Street estimates due to strong advertising sales, particularly from political ad spending and the launch of new streaming channels. The company reported fourth-quarter revenue of $1.20 billion, exceeding analysts' expectations, and anticipates a full-year revenue of $4.61 billion. Its advertising strategies, including targeting small and medium-sized businesses, contributed to a 25% growth in platform revenue, leading to a significant increase in stock prices.
Source: YAHOO