Why Is Roku Stock Down After Q3 Earnings?
In this video, I will be going over Roku's (NASDAQ: ROKU) third-quarter earnings and explain what went wrong and right in this quarter. You can find the video below but here are some of the highlights.
The company reported total net revenue of $680 million, growing 51% year over year (YOY), with platform revenue increasing 82% and player revenue decreasing 26%. The latter is a result of ongoing supply chain issues.
The main reason the stock is down is because of weak guidance for Q4, which is the holiday quarter and usually very strong.
Source Fool.com
