Roku Reports Strong Q3 Results with EPS and Revenue Beats
Roku (NASDAQ: ROKU) reported third-quarter financial results that exceeded market expectations, posting a GAAP earnings per share of $1.20—a beat of $0.66—and revenue of $1.5 billion, which surpassed estimates by $90 million. The company saw significant year-over-year growth, with total revenue increasing 24% and platform revenue rising 23% to reach $1.3 billion. Operational metrics also showed strength, as streaming hours climbed 9% year-over-year to 39.9 billion. Following the announcement, Roku shares rose 1.3% in after-hours trading. The results come amid ongoing market interest regarding potential synergies from a proposed deal with Fox and the company's ability to manage debt while scaling its platform.
Topics: earnings beat platform revenue revenue growth streaming hours