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11-09-2017, 06:39 AM
Roku's big strategy change paid off
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Roku stocks are soaring after the company nailed its first earnings report since going public earlier this fall.
While the set-top box maker is not quite profitable, it managed to post a smaller loss ($7.9 million) than Wall Street had expected ($12.7 million) thanks to especially strong revenue growth in ads and licensing its software. The company’s overall revenue grew to $125 million from $89 million in the same quarter last year.
SEE ALSO: Roku files for $100 million IPO, but it's still losing money (http://mashable.com/2017/09/01/roku-ipo-filing/)
The successful quarter follows a smooth initial public offering in September in which the decade-old company bucked an otherwise dismal market for tech public offerings. It also proved itself to be holding its own against big-name competitors in the space like Apple TV, Google Chromecast, and Amazon's Fire TV. Read more... (http://mashable.com/2017/11/08/roku-first-earnings-report/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Roku stocks are soaring after the company nailed its first earnings report since going public earlier this fall.
While the set-top box maker is not quite profitable, it managed to post a smaller loss ($7.9 million) than Wall Street had expected ($12.7 million) thanks to especially strong revenue growth in ads and licensing its software. The company’s overall revenue grew to $125 million from $89 million in the same quarter last year.
SEE ALSO: Roku files for $100 million IPO, but it's still losing money (http://mashable.com/2017/09/01/roku-ipo-filing/)
The successful quarter follows a smooth initial public offering in September in which the decade-old company bucked an otherwise dismal market for tech public offerings. It also proved itself to be holding its own against big-name competitors in the space like Apple TV, Google Chromecast, and Amazon's Fire TV. Read more... (http://mashable.com/2017/11/08/roku-first-earnings-report/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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