After a huge fourth quarter, during which it exceeded revenue growth expectations, narrowed its losses, and surpassed 80 million active users, Roku found its way to the same old jam: another after-hours trading blood bath on the Nasdaq.
It seems investors were once again spooked on the streaming company following its reserved projections for the ongoing first quarter of 2024: "We remain mindful of near-term challenges in the macro environment and an uneven ad market recovery," Roku wrote in its quarterly letter to shareholders.
