Roku beats earnings estimates on ad sales rebound

Share post:

Roku beat analysts’ expectations for second-quarter earnings and revenue, driven by a rebound in ad sales.

The streaming device maker reported earnings per share of 20 cents on revenue of $847.2 million, compared to analysts’ expectations of 14 cents per share on revenue of $774.5 million.

Roku’s ad revenue grew 34% year-over-year to $691.3 million. The company said that ad spending is recovering from a slowdown in the first quarter, with strong growth from the consumer products and health and wellness industries.

Roku also added 1.9 million “active accounts” in the quarter, bringing its total to 73.5 million.

Looking ahead, Roku forecast third-quarter revenue of $815 million, above analysts’ expectations of $809.6 million. The company said that it is well-positioned to benefit from the continued growth of the streaming market.

The sources for this piece include an article in Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

FTC says Microsoft’s layoffs at Activision Blizzard may threaten merger approval

The FTC has expressed dissatisfaction with Microsoft's layoffs at Activision Blizzard, challenging the integrity of the Microsoft-Activision deal....

Delaware court voids Musks $56 billion dollar compensation

Tesla's stock experienced a notable downturn following a Delaware court's decision to void CEO Elon Musk's massive $56...

IT World Canada strikes partnership with Canadian Cybersecurity Network

Goal is to make it easier for infosec pros to access each organization

Microsoft overtakes Apple as world’s most valuable company

In a notable shift in the tech industry, Microsoft has recently overtaken Apple to become the world's most...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways