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Roku gains on strong forecast as ad market recovers

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Roku on Thursday forecast current-quarter revenue above estimates, citing recovery in the digital ad market. The streaming firm sees July-September period net revenue of US$815 million, higher than analysts' projection of US$809.6 million, according to Refinitiv data. Shares of the company gained

Roku on Thursday forecast current-quarter revenue above estimates, citing recovery in the digital ad market.

Shares of the company gained nearly 4 per cent aftermarket, after Roku also delivered higher-than-expected June-quarter revenue.

 

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