January 28, 2023

Roku Shares Fall 8% After Hours on Slower Account Growth

Roku Inc. reported a slowdown in new active accounts for its streaming services in the latest quarter and guided for lower-than-expected revenue for the holiday quarter, as global supply chain issues have affected new TV sales.

Roku added 1.3 million active accounts in the third quarter, bringing its total active users to 56.4 million. Analysts polled by FactSet were expecting roughly 1.7 million additional accounts.

in Tech
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