Roku Slashes Q2 Net Loss 68% to $33.95 Million

Category: Business

Roku's shares increased over 6% after reporting a narrower net loss of $33.95 million for Q2 2024, beating Wall Street expectations. Revenue rose 14% year over year to $968 million, driven by growth in platform and device sales. The company is focusing on monetization initiatives and expects continued revenue growth in the upcoming quarters.

Keywords: Roku, earnings report, streaming revenue

Source: TheWrap

Update At: 8/2/2024

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