Earnings

Roku Q2 2021 earnings

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Roku shares fell more than 8% in after-hours trading Wednesday after reporting second-quarter earnings that beat expectations but showed a slowdown in streaming TV viewing since last quarter and tight hardware margins.

Here’s how the company did compared to Refinitiv consensus estimates:

  • EPS: $0.52 per share vs. estimate of $0.13 per share
  • Revenue: $645 million vs. estimate of $618 million

The company said streaming hours decreased by 1 billion hours from the first quarter of 2021, totaling 17.4 billion in the second quarter. The company cited consumers seeking more out-of-home entertainment activities like dining and travel in the second quarter because of pent-up demand and the loosening…



Source cnbc.com

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