Roku Earnings Beat Expectations

Roku Earnings Beat Expectations

Roku earnings beat expectations.

Roku earnings beat expectations after hours yesterday. While the Roku stock price spiked, the streaming player company lost 7 cents per share. Wall Street pegged Roku Inc. to lose 15 cents per share. They also beat on their revenue number of $136.6 million, which was higher than analysts prediction of $127.6 million.

Roku Inc.‘s platform, which sells ads, brought in a revenue that was 55% of total sales. Their hardware revenue did not perform as well. While there was an increase in unit sales, the gadget revenue was down by 3%.

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While investors are happy with the Roku stock price jump, the competition is quite fierce. No matter how strong the numbers will be now, Roku will always be under pressure against Amazon.

(Article contains Affiliate products from Amazon and links to prior articles to better help the investor understand the information written).

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