ROKU Q3 Loss Narrower Than Expected, Revenues Increase Y/Y

Roku (ROKU) reported third-quarter 2024 loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a loss of 35 cents. The company had incurred a loss of $2.33 per share in the year-ago quarter.Revenues increased 16.47$1.062 billion and beat the consensus mark by 4.37%. Growth of The Roku Channel’s streaming households and streaming hours drove third-quarter performance. Roku’s streaming households and streaming hours grew 13% and 20%, respectively, year ...