From CNBC: 2025-02-14 10:36:14

Shares of Roku soared over 10% to a new 52-week high after beating earnings expectations. CEO Anthony Wood revealed that over half of U.S. broadband households use Roku for TV, with four million new streaming households added last quarter. Revenue rose 22% to $1.2 billion, with a net loss of 24 cents per share.

Roku reported 89.8 million streaming households in 2024, up 12% from the previous year. Streaming hours increased by 18% in the fourth quarter, focusing on growing ad demand through third-party platform integrations. The company expects $1 billion in net revenue and $450 million in gross profit for the first quarter of 2025.



Read more at CNBC:: Roku shares surge as company halves quarterly losses