Reported about 10 hours ago
Roku's third-quarter revenue of $1.21 billion met Wall Street estimates, showing a 14% increase from last year, but the company's shares fell nearly 7% post-announcement due to fierce competition and a decrease in advertising spending. The shift of ad budgets towards streaming has been tempered by economic uncertainties, adversely affecting platforms reliant on ad revenue, and Roku also experienced a 5% dip in device revenue.
Source: YAHOO