Going into Roku's (NASDAQ: ROKU) earnings report on Thursday afternoon, investors likely didn't have high hopes. A number of digital-advertising companies, including Meta Platforms and Snap, had already released some disappointing numbers.

Roku, however, not only dropped the ball on its second-quarter revenue, but also provided third-quarter guidance that was far below analysts' average forecast for the important metric. This news sent shares tumbling in after-hours trading as the stock lost about a fourth of its value.

With a decline like that on top of an already rough year for the growth stock, many investors are likely looking for answers. So, what exactly went wrong?

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Source Fool.com