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Roku forecasts annual revenue above estimates, shares rise
Reuters· 2026-02-12 21:09
Core Viewpoint - Roku forecasts annual revenue exceeding Wall Street estimates, driven by a rebound in the digital advertising market and a shift towards ad-based streaming [1] Group 1: Financial Performance - Roku expects annual revenue of $5.50 billion, surpassing analysts' average estimate of $5.34 billion [1] - The company anticipates platform revenue growth of 18%, reaching $4.89 billion by 2026 [1] Group 2: Market Trends - Streaming viewership has significantly increased, with connected TV devices becoming primary viewing platforms for many households [1] - The shift in consumer habits is benefiting Roku, as more customers transition to streaming platforms [1] Group 3: Stock Market Reaction - Shares of Roku rose by 8% in extended trading following the revenue forecast announcement [1]