Investing.com -- Roku Inc (NASDAQ:ROKU) shares surged 15% at $100 in after-hours trading as the company reported a smaller-than-expected loss for the fourth quarter, as revenue surpassed Wall Street estimates, helped by subscribers growth in its streaming platform business.
The company posted a quarterly loss of $0.24 per share, while analysts’ expectations were of a $0.42 loss per share. Revenue rose to $1.2 billion, exceeding the consensus estimate of $1.15 billion.
Roku, which generates revenue through digital advertising and content distribution on its streaming platform and face challenges from a softer ad market and increased competition, expects revenue of $1.01 billion, in line with analysts’ expectations of $1.01 billion.
Related Articles
Roku shares jump after smaller-than-expected Q4 loss
Roku forecasts annual revenue above estimates on strong ad sales
Vale in advanced talks to sell majority stake in energy unit to Global Infrastructure Partners - Reuters
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。