Categories AlphaGraphs, Earnings, Leisure & Entertainment
Infographic: Highlights of Roku’s Q3 2022 earnings report
Streaming platform Roku, Inc. (NASDAQ: ROKU) reported a net loss for the third quarter of 2022 compared to a profit last year, mainly reflecting the continued decline in advertising demand.
The company reported total revenues of $761.4 million for the three months ended September 2022, which is up 12% from the year-ago period. The number of active accounts increased by 16% to 65.4 million.
Roku incurred a net loss of $122.2 million or $0.88 per share in the third quarter, which marked a deterioration from the prior-year period when the company generated earnings of $68.9 million or $0.48 per share.
Check this space to read management/analysts’ comments on Roku’s Q3 2022 earnings
“While the current environment is difficult, we believe it is also temporary, and as consumers and businesses regain their footing, we expect Roku to be in a stronger position than ever,” 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%