Roku Platform Drives Earnings Beat
Here's our initial take on Roku's (NASDAQ: ROKU) fourth-quarter financial report.Roku's quest to prove to the market that it is more than just a streaming device company got a giant boost in the fourth quarter as platform revenue grew by 25% year over year and surpassed the $1 billion threshold in a quarter for the first time.The U.S. presidential election helped drive some of those gains, but Roku expects the momentum to continue into the quarters ahead. The company said that excluding political ad spending, platform revenue in the quarter was still up 15% year over year. Roku is forecasting 16% platform revenue growth in the first quarter of 2025.Continue reading
Here's our initial take on Roku's (NASDAQ: ROKU) fourth-quarter financial report.
Roku's quest to prove to the market that it is more than just a streaming device company got a giant boost in the fourth quarter as platform revenue grew by 25% year over year and surpassed the $1 billion threshold in a quarter for the first time.
The U.S. presidential election helped drive some of those gains, but Roku expects the momentum to continue into the quarters ahead. The company said that excluding political ad spending, platform revenue in the quarter was still up 15% year over year. Roku is forecasting 16% platform revenue growth in the first quarter of 2025.
