Roku (ROKU) Surpasses 80M Accounts

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Roku (ROKU) shares down 16% after FQ4 earnings, Oppenheimer downgrades

February 15, 2024 4:15 PM EST

Roku, Inc. (NASDAQ: ROKU) reported its fourth-quarter earnings, slightly surpassing analyst expectations for revenue but still posting a loss per share.

The company's Q4 revenue reached $984.4 million, exceeding the consensus estimate of $965.85 million. However, the adjusted earnings per share (EPS) showed a loss of ($0.55), which was marginally better than the analyst estimate of a ($0.57) loss.

Despite the earnings beat, Roku's stock price plummeted by 16% in premarket trading Friday.

For the full year 2023, Roku achieved several milestones, including surpassing 100 billion streaming hours and ending the year with... More