Roku surged in after-hours trading Wednesday after the streaming company reported strong third-quarter growth in active accounts, user engagement and revenue, beating equity analysts' forecasts and sending its stock surging over 15% on the Nasdaq in after-hours trading.
Total revenue was up 20% vs. Q3 2022 to $912 million, with "platform" revenue (which is primarily advertising) surging 18% to $786.8 million in the quarter. Device revenue surged, too, by 33% to $125.2 million, although Roku continues to lose money, at least directly, on making streaming pucks, sticks and smart TVs.
