Roku Inc beat Wall Street estimates for quarterly sales and forecast full-year r...
FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, U.S., September 28, 2017. REUTERS/Brendan McDermid/File Photo
The company expects full-year revenue to be in the range of $1.58 billion to $1.62 billion, the midpoint of which is above analysts’ estimate of $1.58 billion, according to IBES data from Refinitiv.in November and reached 10 million sign-ups in its first day, while Apple Inc also introduced its streaming service Apple TV+ in the same month.
Roku has shifted its focus from device sales to advertising, which is now the company’s fastest-growing revenue stream, to tap the jump in number of streaming services providers.
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