Earnings

Roku earnings Q3 2019

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Roku stock tanked more than 14% in after-hours trading after the company reported Q3 results.

Here’s what the company reported, compared with what Wall Street expected, based on a survey of analysts by Refinitiv:

  • Adjusted loss per share: 22 cents
  • Revenue: $261 million vs $256.9 million, according to Refinitiv consensus estimates

Analyst surveyed by Refinitiv had expected an adjusted loss per share of 28 cents. It was not immediately clear whether the reported loss and expected loss were comparable.

The company reported 32.3 million active accounts, up from 30.5 million during the previous quarter, and an average revenue per user of $22.58 compared to the previous quarter’s metric of…



Source cnbc.com

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