Stock Market News

Roku quarterly revenue beats estimates on ad strength

08/01/2024

Less than a minute

2024.08.01 16:22

© Reuters. FILE PHOTO: The Roku company logo is displayed on a building in Austin, Texas, U.S., October 25, 2021. REUTERS/Mike Blake/File Photo

(Reuters) – Roku (NASDAQ:) beat Wall Street estimates for second-quarter revenue on Thursday, benefiting from strong ad sales and the ongoing shift from cable TV to streaming platforms.

The company posted net revenue of $968.2 million for the second quarter, compared with analysts’ average estimate of $937.9 million, according to LSEG data.

08/01/2024

Less than a minute

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