Roku revenue grew 20% year over year in the third quarter and beat Wall Street expectations.
Here's how Roku performed for the quarter ended Sept. 30, compared with analyst estimates from LSEG, formerly known as Refinitiv:
Revenue was up 20% year over year, the company reported, largely driven by"strong performance in content distribution and video advertising, along with unit sales of Roku-branded TVs, which launched in March 2023," Roku Active accounts also beat the Street, coming in at 75.8 million for the quarter, compared with StreetAccount estimates of 75.33 million.
For the fourth quarter, Roku expects revenue of roughly $955 million, topping the $952 million expected by Wall Street, according to LSEG.Starbucks
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