{"id":40208,"date":"2023-07-28T09:05:41","date_gmt":"2023-07-28T13:05:41","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=40208"},"modified":"2023-07-31T09:16:53","modified_gmt":"2023-07-31T13:16:53","slug":"roku-beats-earnings-estimates-on-ad-sales-rebound","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/roku-beats-earnings-estimates-on-ad-sales-rebound\/","title":{"rendered":"Roku beats earnings estimates on ad sales rebound"},"content":{"rendered":"<p data-ar-index=\"1\">Roku beat analysts&#8217; expectations for second-quarter earnings and revenue, driven by a rebound in ad sales.<\/p>\n<p data-ar-index=\"2\">The streaming device maker reported earnings per share of 20 cents on revenue of $847.2 million, compared to analysts&#8217; expectations of 14 cents per share on revenue of $774.5 million.<\/p>\n<p data-ar-index=\"3\">Roku&#8217;s ad revenue grew 34% year-over-year to $691.3 million. The company said that ad spending is recovering from a slowdown in the first quarter, with strong growth from the consumer products and health and wellness industries.<\/p>\n<p data-ar-index=\"4\">Roku also added 1.9 million &#8220;active accounts&#8221; in the quarter, bringing its total to 73.5 million.<\/p>\n<p data-ar-index=\"5\">Looking ahead, Roku forecast third-quarter revenue of $815 million, above analysts&#8217; expectations of $809.6 million. The company said that it is well-positioned to benefit from the continued growth of the streaming market.<\/p>\n<p data-ar-index=\"6\">The sources for this piece include an article in <a href=\"https:\/\/www.reuters.com\/technology\/roku-beats-quarterly-revenue-estimates-2023-07-27\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roku beat analysts&#8217; expectations for second-quarter earnings and revenue, driven by a rebound in ad sales. The streaming device maker reported earnings per share of 20 cents on revenue of $847.2 million, compared to analysts&#8217; expectations of 14 cents per share on revenue of $774.5 million. Roku&#8217;s ad revenue grew 34% year-over-year to $691.3 million. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[955],"class_list":["post-40208","post","type-post","status-publish","format-standard","hentry","category-companies","tag-roku"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=40208"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40208\/revisions"}],"predecessor-version":[{"id":40210,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40208\/revisions\/40210"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=40208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=40208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=40208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}