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Roku Cracks $1B Mark In Platform Revenue In Q4; Shares Jump
Roku delivered a strong set of fourth-quarter results, including crossing the $1 billion threshold in platform revenue.
Investors hailed the quarterly numbers, sending shares up 13% in after-hours trading. The platform tally of $1.035 billion, which includes advertising revenue, rose 25% over the year-ago period. A broad lineup of programming was credited as fueling the increase, along with “our ability to recommend relevant content throughout the Roku Experience,” the company wrote in its quarterly letter to shareholders.
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