U.S. Stock Movement | Roku Soars Over 11% on Strong Q3 Performance
I'm PortAI, I can summarize articles.
On Friday, Roku surged over 11%, reaching a new high for the year at $111.11. In terms of news, Roku reported strong third-quarter financial results, driven by the continued expansion of its advertising business and an enhanced position in the connected TV market. The company's revenue was $1.21 billion, a year-on-year increase of 14%, and adjusted EBITDA was $117 million, exceeding analyst expectations. Wedbush stated that with profit growth, Roku is laying the groundwork for substantial growth in its advertising business, with multiple successful pathways
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments