Roku earnings top expectations, but its stock still sinks

February 15, 2024

Roku Inc. topped expectations with its latest results, but shares of the media-streaming company tumbled 15% in Thursday’s extended session.

The company reported a fourth-quarter net loss of $78 million, or 55 cents a share, compared with a loss of $237 million, or $1.70 a share, in the year-earlier period. Roku ROKU matched the consensus view on a per-share basis.

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