Roku (NASDAQ:ROKU) rallied nearly 10% after reporting a narrower-than-expected loss for the second quarter. Roku reported a loss of 76 cents a share and revenues of $847 million. Analysts polled by Refinitiv had anticipated a loss of $1.26 per share and $775 million in revenue.
Active Accounts were 73.5 million, a net increase of 1.9 million Active Accounts from Q1 2023. Streaming Hours were 25.1 billion, up 4.4 billion hours YoY
Roku pioneered streaming on TV, connecting users to the content they love, enabling content publishers to build and monetize large audiences, and providing advertisers with unique capabilities to engage consumers. Roku TV™ models, Roku streaming players, and TV- related audio devices are available in various countries around the world through direct retail sales and/or licensing arrangements with TV OEM brands.
According to Thursday’s press release, “Roku-branded TVs and Roku Smart Home products are sold exclusively in the United States. Roku also operates The Roku Channel, the home of free and premium entertainment with exclusive access to Roku Originals. The Roku Channel is available in the United States, Canada, Mexico, and the United Kingdom.” Roku is headquartered in San Jose, Calif.
ROKU shares shot higher first thing Friday by $11.71, or 17.2%, to $79.90.
