Roku's big strategy change paid off

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Roku's big strategy change paid off

Roku's big strategy change paid off

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


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...

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