Today Roku announced their very first earnings report after going public.
According to the report, Roku generated $124.8 million in revenue during the third quarter of 2017, compared to $89 million during the same quarter in 2016. According to Roku the net losses came in at $7.9 million, compared to $12.7 million during the same time in 2016.
This is a far better performance than expected as analysts had expected revenue of $110 million and losses of $12.7 million. This pushed Roku’s stocks higher after the earnings report in after-hours trading. (At the time of this posting.)
Roku ended the quarter with 16.7 million active accounts up 48 percent year over year. Roku users also spent more time on their Rokus as streaming as Roku saw a 58 percent jump in streaming to 3.8 billion hours in the third quarter of 2017.
This is a developing story.
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