Roku rises after earnings beat, attributing strength in ads business


People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017.

Brendan McDermid | Reuters

Streaming platform Roku attributed an acceleration in its total revenue growth primarily to growth in advertising as the platform’s monetized video ad impressions more than doubled year-over-year.

Roku shares were up more than 12% in after-hours trading on Wednesday. The company beat estimates, seeing a loss per share of 8 cents on revenue of $250 million. Analysts had expected a loss per share of 22 cents on revenue of $224 million, according to Refinitiv.

The company said its active accounts…

Source cnbc.com

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