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Roku's Q1 Earnings Beat Expectations

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Streaming-device maker Roku topped Wall Street expectations Wednesday after it reported a loss of $0.07 per share on revenue of $136.6 million. Analysts had expected it to lose $.15 per share versus an expected revenue of $127.43 million. After releasing the report, Roku said in a statement, "Our advertising and content partners are benefiting from our increasing scale. Nearly half of our roughly 21 million active users have cut the cord or have never had a traditional pay TV subscription, which means that they simply cannot be reached through linear TV."

Added on the 09/05/2018 18:16:40 - Copyright : Wochit

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