Published , by Donovan Erskine
Published , by Donovan Erskine
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.