Reported 2 months ago
Roku has reported a strong second quarter, exceeding Wall Street's revenue forecasts through robust advertising sales and the ongoing shift from cable TV to streaming services. With a net revenue increase of 14% to $968.2 million, the company also had a smaller-than-anticipated loss of 24 cents per share, outpacing an expected loss of 43 cents. The expansion of active accounts to 83.6 million contributes to its growing influence in the streaming market, as it anticipates further revenue growth for the third quarter.
Source: YAHOO