US Stock Market Move | Strong Q3 performance, Roku (ROKU.US) surged more than 11%

On Friday, Roku (ROKU.US) surged over 11%, reaching a new high for the year at $111.11. On the news front, Roku announced strong financial performance for the third quarter, benefiting from the continued expansion of its advertising business and strengthened position in the connected TV market. The company's revenue was $1.21 billion, a 14% year-on-year increase, with adjusted EBITDA of $117 million, exceeding analyst expectations. Wedbush stated that as profits grow, Roku is strategically positioning itself for substantial growth in its advertising business, with multiple successful paths available.