Roku shares jumped in late Wednesday trading, after the streaming-media company reported higher-than-expected revenue and a larger-than-forecast net increase in active accounts.
The streaming-media company’s net loss of $330.1 million, or $2.33 a share, was wider than the loss of $2.04 a share expected.For the fourth quarter, Roku forecast revenue of about $955 million, which would beat expectations. It also projected $10 million in adjusted earnings before interest, taxes, depreciation, and amortization.
Roku told shareholders: “We remain committed to achieving positive EBITDA for full year 2024 with continued improvements after that.”
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