Roku Q4 revenue of $865.3M vs. $894M est., up 33% YoY, 60.1M active accounts, up 17% YoY, 19.5B streaming hours, up 15% YoY, stock down 7%+ on weak guidance (Jordan Novet/CNBC)
Roku’s fourth-quarter earnings report was met with disappointment from investors and analysts, who had expected the streaming platform to meet or exceed Wall Street’s estimates. Revenue of $865.3 million missed the consensus estimate of $894M, representing a 33% YOY growth rate and a drop in stock price of over 7%. The company reported 60.1m active … Read more