Reported 27 days ago
Roku's stock plummeted over 17% after the company announced disappointing Q4 guidance, despite reporting a $1 billion revenue in the last quarter. The company projected lower-than-expected gross profit and adjusted EBITDA, and revealed it will stop reporting streaming households, focusing instead on streaming hours, platform revenue, and free cash flow starting in 2025. Roku faces increasing competition in the streaming ad market, with analysts noting the evolving landscape poses risks to its growth.
Source: YAHOO