Media stocks pop as Roku rally lifts the sector

Roku reported strong trends in content distribution and advertising as well as uptake of its Roku-branded TVs.

Strong usership for Roku means more points of access for subscribers to Paramount+, Max, Netflix, Peacock and other streaming services.. The company's active accounts for the third quarter beat analyst estimates, coming in at 75.8 million compared to the 75.33 million Wall Street expected, according to StreetAccount.

Strong usership for Roku means more points of access for subscribers to Paramount+, Max, Netflix, Peacock and other streaming services. The positive results follow something of a change of pace for the streaming industry after a period of uncertain subscriber growth.Paramount reports its quarterly earnings report after the close on Thursday. Warner Bros. Discovery and Disney each report next week.

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Roku Beats Wall Street Revenue Expectations, Sees Improvement in Ad BusinessThe company cited “diversifying demand sources of advertisers” on the platform, as well as expanding the number of partnerships for improved ad revenue numbers.
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Media stocks pop as Roku rally lifts the sectorWall Street celebrated Roku’s third quarter-report, in which the company reported strong trends in content distribution and advertising.
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