Roku Management Talks Advertising, Player Revenue, and More
The wild momentum for the stock of Roku (NASDAQ: ROKU) continued in its second quarter as revenue increased 59% year over year, driven primarily by an 86% increase in platform revenue (sales mostly from advertising, subscriptions, and transactions on its platform). The company's top and bottom lines both crushed management's own guidance and analysts' consensus estimates for the period. Share surged on the news.
In the company's second-quarter shareholder letter, management discussed these results in detail while also analyzing some of the key drivers behind its breakneck growth. Here are three must-see takeaways from the letter.
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Source Fool.com
