ROKU Q1 Loss Narrower Than Expected, Revenues Increase Y/Y

Roku (ROKU) reported first-quarter 2024 loss of 35 cents per share, narrower than the Zacks Consensus Estimate of a loss of 64 cents. The company had incurred a loss of $1.38 per share in the year-ago quarter.Revenues increased 18.9$881.47 million and beat the consensus mark by 3.58%. Growth of The Roku Channel’s streaming households and streaming hours drove first-quarter performance.Streaming households’ net adds were 1.6 million in the first quarter, taking the tota ...