Shares of Roku Inc. were up 5% in after-hours trading Thursday after the streaming company delivered better-than-expected results for its first quarter and issued an upbeat outlook for the current period.
The company’s revenue rose to $574.2 million from $320.8 million. Roku saw platform revenue of $466.5 million and player revenue of $107.7 million. “Advertisers continued to follow audiences and move budgets into TV streaming, with Roku’s monetized video ad impressions more than doubling year-over-year,” the company said in its shareholder letter.