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BUZZ-Roku soars after streaming platform forecasts full-year revenue above estimates

ReutersFeb 14, 2025 10:59 AM

Shares of streaming platform Roku ROKU.O rise 13% to $98.12 in premarket trading

The company on Thursday forecast full-year 2025 net revenue of $4.61 billion vs analysts' estimate of $4.59 billion according to data compiled by LSEG

ROKU is cashing on changing consumption habits, signaling strong ad sales as more customers switch to streaming platforms

The company reported fourth-quarter revenue of $1.20 billion, compared with analysts' estimate of $1.15 billion

JPM sees political ad spending as a big part of the Q4 beat, but platform growth of 19% ex-political ad spending still exceeded expectations driven by strength across the rest of the verticals

Company's platform segment, which derives revenue from ad sales and subscriptions, grew 25% to $1.04 billion

Shares had fallen nearly 19% in 2024

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