ROKU Q4 Loss Narrower Than Expected, Revenues Increase Y/Y

Roku (ROKU) reported fourth-quarter 2023 loss of 55 cents per share, narrower than the Zacks Consensus Estimate of a loss of 65 cents. The company had incurred a loss of $1.70 per share in the year-ago quarter.Revenues increased 13.5% from the year-ago quarter’s level to $984.43 million and beat the consensus mark by 2.58%. Growth of The Roku Channel’s active accounts and streaming hours drove fourth-quarter performance.Active account net adds were 4.2 million in the fourth quarter, taking the total active ...