Roku Stock Soars After Hours: What’s Up? -Roku…

Roku Stock Soars After Hours: What’s Up? -Roku…

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shares of Roku Inc ROKU are trading higher during Wednesday’s after-hours session after the company reported First quarter financial results. Here’s what investors need to know.

By Numbers: Roku reported a first-quarter earnings loss of $1.38 per share, missing Street’s estimate of $1.37 per share on revenue of $741 million, also below the consensus estimate of 801 $.69 million.

The online streaming platform ended the quarter ended March 31, 2023 with cash and cash equivalents of $1.63 billion.

Here’s what the Analysts have to say.

“We delivered solid first-quarter results in a challenging macro environment, growing both active accounts and streaming hours year over year,” the company said in a statement. “Roku continues to delight viewers and partner with some of the biggest brands and global entertainment companies.”

Roku had 71.6 million active accounts at the end of Q1, a net increase of 1.6 million from Q4 2022.

The streaming company said it is creating new monetization opportunities and steering investments and costs to deliver positive full-year 2024 EBITDA.

ROKU Price Promotion: The stock has a 52-week high of $110.56 and a 52-week low of $38.26. After the close, shares were trading up 3.08% to $58.30, according to data from Gasoline Pro.

Photo courtesy of Roku.



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