Earnings

Roku pops 11% after reporting highest revenue growth rate since IPO

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A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Brendan McDermid | Reuters

Roku shares popped more than 11% in pre-market trading Friday after reporting earnings that showed advertisers are increasingly moving money into streaming TV. 

The company reported its highest quarterly revenue growth rate since going public with a 79% gain to $574 million in the quarter. Platform revenue in particular, which includes advertising, was $466.5 million, up 101% year-over-year. Meanwhile, active accounts grew 2.4 million from the fourth quarter of 2020 to reach 53.6 million. 

Roku has been making a number of strategic moves in the…



Source cnbc.com

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