Roku Delivers Stronger Than Expected Platform Revenue, Raises Outlook
Roku platform revenue, which includes ad sales, content sales and subscription-revenue, reached $975.5 million in its second quarter, up 18 percent year-over-year and above the companys guidance and analyst expectations. The company attributed this to strong performance in video advertising and the acquisition of streaming service Frndly in May. And, in turn, the company raised its full-year outlook on platform...
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