"Roku Stock Sinks Despite Beating Earnings Expectations"
TL;DR Summary
Streaming video platform Roku exceeded expectations for new user accounts and sales in the fourth quarter, with 4.2 million new accounts and $984.4 million in sales. However, the stock fell in extended trading as the sales outperformance was lower than anticipated, and the average revenue per user dropped 4% year over year. Despite predicting higher revenue for the current quarter and achieving positive adjusted EBITDA and free cash flow for 2023, Roku stock dropped more than 13% in after-hours trading. The company is now focusing on innovation and growth, but faces competition from smart TV maker Vizio, which Walmart is reportedly interested in acquiring.
- Roku Stock Drops Despite Beating User Target Investor's Business Daily
- Roku’s stock sinks after earnings, but analyst sees ‘conservatism’ in outlook MarketWatch
- Roku earnings top expectations, but its stock still sinks MSN
- Roku tumbles 17% as investors sell revenue beat, strong guidance (NASDAQ:ROKU) Seeking Alpha
- Roku Q4 Earnings: Edging Wall Street Revenue Expectations, Streaming Giant Passes 80 Million Active Accounts Deadline
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