Roku Inc. has surpassed Expectations of its latest results and forecasts, but the media streaming company's shares fell by about 15% in Thursday's extended session.
For the current quarter, Roku ROKU represents revenue and enterprise of $850 million and will break even on an adjusted earnings before interest, tax, depreciation and amortization (Ebitda) basis. Analysts were looking for revenue of $829 million along with an adjusted EBITDA loss of $11 million.
“we…
Take control of your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. At any time.
subscribe now
Are you already a subscriber? sign in
