Roku Crushed Its First Public Earnings Release
For its first earnings release as a public company, Roku (NASDAQ: ROKU) absolutely crushed it on numerous fronts. Revenue jumped 40% to $124.8 million, gross profit nearly doubled to $49.9 million, and other key operating metrics like active accounts and streaming hours marched higher.
Roku's strategy of offering hardware at affordable prices in order to grow the platform business, which primarily consists of advertising, is paying off.
Image source: Roku.
Source: Fool.com