Categories AlphaGraphs, Earnings, Leisure & Entertainment
Infographic: Roku Q2 2023 loss narrows on higher revenues
Roku, Inc. (NASDAQ: ROKU) reported a net loss for the second quarter of 2023 when the media streaming platform’s revenues increased by 11%.
The company reported total revenues of $847 million for the three months ended June 2023, which is up 11% from the year-ago period. The number of active accounts increased to 73.5 million.
Roku incurred a net loss of $107.6 million or $0.76 per share in the second quarter, which marked an improvement from the prior-year period when the company reported a loss of $112.3 million or $0.82 per share.
“Roku is growing viewers and hours, while traditional pay TV continues to erode. Our unrelenting focus to build a best-in-class consumer experience that is simple and delightful is driving engagement,” said Anthony Wood, CEO of Roku.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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%