Roku (ROKU) Q4 revenue guidance misses consensus

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Go back to Roku (ROKU) Q4 revenue guidance misses consensus

Roku (ROKU) Stock Plummets as Revenue Misses on Both Results and Outlook, Morgan Stanley Remains Pessimistic

November 4, 2021 6:35 AM EDT

Shares of Roku (NASDAQ: ROKU) are down more than 7% in pre-open Thursday after the streaming company reported lower-than-expected revenue for its third quarter.

Roku reported Q3 revenue of $680 million versus the consensus estimate of $683.68 million. For this quarter, the company called for revenue of $885 million to $900 million, again lower than the consensus of $944.4 million.

As the global shift to TV streaming continues, our performance demonstrates the strength of our business fundamentals and the momentum of our platform monetization. We are making significant progress with traditional TV advertisers, while also expanding our total addressable... More