Roku Shares Rise As Q3 Results Bash Estimates, Platform Hits 46M Active Accounts

deadline.com:

Dade Hayes Finance EditorShares in Roku rose in after-hours trading, following an upswing during the main Thursday session, after the company released third-quarter results well above Wall Street expectations.Revenue jumped 73% from the year-ago period and profit reached 9 cents a diluted share, compared with a loss of 22 cents a share a year ago.

The consensus forecast from analysts called for a loss of 4 cents.Roku, which has become a central player in the streaming boom, now has 46 million active accounts.

That’s up from 43 million in the second quarter and 32.3 million at the same point in 2019.The company’s stock, which reached an all-time high of $239.14 last month, closed Thursday’s trading at $225.06.