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Roku Bests Wall Street’s Q1 Earnings Forecast, Adds 1.6 Million Active Accounts to Reach 81.6 Million
Roku reported its first-quarter 2024 earnings Thursday, revealing the company reached 81.6 million active accounts
Wall Street forecast a loss per share of 61 cents on $848.62 million in revenue, according to analyst consensus data provided by LSEG, formerly Refinitiv. “We are pleased with our Q1 results, particularly the third consecutive quarter of positive Adjusted EBITDA and Free Cash Flow,” Roku CEO Anthony Wood and CFO Dan Jedda said in a letter to shareholders. Looking ahead, we face difficult year-over-year growth rate comparisons within streaming service distribution activities.
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