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Roku Q3 Loss Narrows, Revenue Rises; Issues Q4 Revenue Guidance; Shares Down Pre-Bell
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Roku Q3 Loss Narrows, Revenue Rises; Issues Q4 Revenue Guidance; Shares Down Pre-Bell
Nov 3, 2024 3:28 PM

05:23 AM EDT, 10/31/2024 (MT Newswires) -- Roku ( ROKU ) reported a Q3 loss late Wednesday of $0.06 per diluted share, narrower than the $2.33 loss per share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.33.

Revenue for the quarter was $1.06 billion, up from $912 million a year earlier.

Analysts polled by Capital IQ expected $1.02 billion.

The company expects Q4 revenue of $1.14 billion and adjusted earnings before interest, taxes, depreciation and amortization of $30 million. Analysts surveyed by Capital IQ are expecting revenue of $1.15 billion.

Shares in the company were down more than 12% pre-bell.

Price: 67.53, Change: -9.98, Percent Change: -12.88

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