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Roku Q1 Loss Narrows, Revenue Rises; Issues Q2 Revenue Guidance
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Roku Q1 Loss Narrows, Revenue Rises; Issues Q2 Revenue Guidance
Apr 26, 2024 2:05 AM

03:25 AM EDT, 04/26/2024 (MT Newswires) -- Roku ( ROKU ) reported late Thursday a Q1 loss of $0.35 per diluted share, narrower than the $1.38 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.62.

Revenue for the quarter ended March 31 was $881.5 million, up from $741 million a year earlier. Analysts polled by Capital IQ expected $854.2 million.

For Q2, the company expects revenue of $935 million. Analysts polled by Capital IQ expect $932.8 million.

Price: 60.90, Change: -1.91, Percent Change: -3.04

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