Stock Market Movement | Strong Q3 Performance Roku (ROKU.US) Soars Over 11%

date
01/11/2025
According to the Wisdom Financial APP, on Friday, Roku (ROKU.US) surged more than 11%, reaching a new high for the year at $111.11. In terms of news, Roku announced strong third-quarter financial performance, 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 with profit growth, Roku is strategically positioning itself for substantial growth in its advertising business, with multiple successful paths.