ROKU Q4 Loss Narrower Than Expected, Revenues Increase Y/Y
APEIAmerican Public Education(APEI) Zacks Investment Research·2024-02-16 21:56

Roku (ROKU) reported fourth-quarter 2023 loss of 55 cents per share, narrower than the Zacks Consensus Estimate of a loss of 65 cents. The company had incurred a loss of 1.70pershareintheyearagoquarter.Revenuesincreased13.51.70 per share in the year-ago quarter. Revenues increased 13.5% from the year-ago quarter’s level to 984.43 million and beat the consensus mark by 2.58%. Growth of The Roku Channel’s active accounts and streaming hours drove fourth-quarter performance. Active account net adds were 4.2 million in the fourth quarter, taking the total activ ...