Roku Q1 Results Match Wall Street Forecasts For Profit, Beat Them For Revenue, Though Company Sees Advertising Challenges Continuing

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Roku delivered first-quarter results with some bright spots, including better-than-expected revenue, but the streaming provider said it sees its advertising business remaining challenged. Revenue r…

Revenue reached $741 million, up just 1% from the year-ago quarter, while losses widened to $1.38 per share from 19 cents in the 2022 period. Wall Street analysts had expected a loss of $1.37 and revenue of $708.5 million.

Advertising remains under significant challenge, but Roku said in its quarterly letter to shareholders that it is looking to leverage its broad scale as a way to improve engagement. After adding sports as an “experience” accessed via the home screen, Roku said it hosted more streaming of February’s Super Bowl than any other platform. The company said 12% of viewers got to the game through either through the sports experience or a game-related ad.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 109. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

U.S. stocks open lower as investors digest First Republic earnings, wait for Big Tech resultsU.S. stocks opened lower Tuesday as investors weigh First Republic Bank’s quarterly results and wait for Big Tech earnings to be released after the market’s...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »