Categories AlphaGraphs, Earnings, Technology
Infographic: Everything you need to know about Roku’s Q1 2023 earnings
Media streaming platform Roku, Inc. (NASDAQ: ROKU) reported a net loss for the first quarter of 2023, mainly reflecting the continued decline in advertising demand.
The company reported total revenues of $741 million for the three months ended March 2023, which is up 1% from the year-ago period. The number of active accounts increased to 71.6 million.
Roku incurred a net loss of $193.6 million or $1.38 per share in the first quarter, which marked a deterioration from the prior-year period when the company reported a loss of $26.3 million or $0.19 per share.
“With the launch of the first streaming player in 2008, we pioneered TV streaming on the belief that all TV will be streamed. While the current economic cycle is challenging, we are not waiting idly for recovery. We continue to grow our significant scale and engagement,” said Anthony Wood, CEO of Roku.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%