Roku Q3 2023 earnings: Stock soars


A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company’s initial public offering at the Nasdaq Market in New York on Sept. 28, 2017.

Brendan McDermid | Reuters

Shares of Roku soared in after-hours trading Wednesday after the company reported better-than-expected revenue for the third quarter.

Here’s how Roku performed for the quarter ending Sept. 30, compared to analysts’ estimates from LSEG, formerly known as Refinitiv:

  • Loss per share: $2.33 vs. $2.12 expected
  • Revenue: $912 million vs. $855.2 million expected

Roku reported a net loss of $330.1 million for the third quarter, or $2.33 per share, nearly triple the loss of $122.2 million, or 88 cents…

Source cnbc.com

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