Shares of Roku (NASDAQ: ROKU) plunged on Friday after the digital media platform warned of slowing growth. As of 2 p.m. ET today, Roku's stock price was down more than 25%.
Roku's revenue rose 33% year over year to $865.3 million in the fourth quarter. The company's active accounts climbed 17% to 60.1 million. The number of hours streamed on its platform, in turn, increased 15% to 19.5 billion.
Additionally, Roku's advertising-fueled monetization efforts helped its average revenue per user (ARPU) rise 43% to $41.03.
Source Fool.com