We recently published a list of Shares of 10 Firms Soar on Friday. In this article, we are going to take a look at where Roku, Inc. (NASDAQ:ROKU) stands against other firms that soared on Friday.

Wall Street finished mixed anew on Friday, as investors continued to weigh fresh developments on tariffs and inflation data.

The Nasdaq was the sole index eking out gains, up 0.41 percent. The Dow Jones decreased by 0.37 percent while the S&P 500 was little changed, dipping 0.01 percent.

In line with Nasdaq’s rally, 10 companies predominantly under the technology sector led the charge. In this article, we detailed the reasons behind their stellar performance.

To come up with this list of biggest advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A large movie theatre filled with people enjoying a film streaming on a smart TV.

Roku, Inc. (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU) grew its share prices for a third consecutive day, ending 14.14 percent higher at $99.07 apiece as investors cheered the company’s improved earnings performance last year.

In its earnings release, Roku (NASDAQ:ROKU) said it was able to narrow its net loss by 54.66 percent in the fourth quarter of 2024 to $35.5 million from $78.3 million in the same period a year ago, while net loss for full-year 2024 shrunk by 81.8 percent to $129 million from $709 million in 2023.

Net revenues for the said quarter were higher by 22 percent to $1.2 billion from $984 million year-on-year, while for 2024, net revenues increased by 17 percent to $4.1 billion from $3.48 billion.

For the first quarter and full year 2025, Roku (NASDAQ:ROKU) expects revenues to settle at $1.005 billion and $4.6 billion, respectively.

Overall, ROKU ranks 8th on our list of firms that soared on Friday. While we acknowledge the potential of ROKU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ROKU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.