Roku, the company behind the popular line of streaming devices and smart TVs, has released its earnings report for the first quarter of 2024. It’s a miss on both revenue and earnings-per-share, though the EPS losses were smaller than expected.
Roku published a letter to shareholders in which it disclosed details about its latest financial quarter. Roku made $882 million in revenue, beating the $849 million expectation. Its loss of $0.35/share was considerably less than the expectation of $0.61/share. Adjusted earnings came in at $40.9 million, the third straight quarter of non-gaap quarterly profits. CEO Anthony Wood shared a statement on the earnings and the state of the company.
In addition to Roku, Google, Snap, and Intel are among the other tech companies that reported financial earnings today.
Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_
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