Roku Rises to 80 Million Active Accounts
Roku Rises to 80 Million Active Accounts It has been a while since we have heard from Roku, the nascent streaming service best known for its digitally-enabled set-top boxes and other smart products as well as its AVOD services. In its Q4 earnings report last week, it has just managed to pip Wall Street expectations, with a noted gain in active accounts on the service, too. Blake & Wang P.A. entertainment lawyer , Brandon Blake, has the details. Brandon Blake Beating Wall Street Expectations- Just Roku beat Wall Street predictions to close the year at $984.4M, just ahead of the expected $964.2M results. While there was still a loss of $0.55c a share, this is a notable narrowing from the $1.70 loss in the same period of the previous year. Despite these gains, Wall Street did have some trepidations over the ‘uneven’ recovery in its advertising market, ultimately leaving the share price down by 14% for after-hours trading. 10