Roku Hits Major Milestones, Surpassing 80 Million Active Accounts and More than 100 Billion Streaming Hours in 2023
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Roku (ROKU) shares down 16% after FQ4 earnings, Oppenheimer downgrades
February 15, 2024 4:15 PM ESTRoku, 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
