Roku's Platform Revenue Soars 71%
Investors have come to expect stellar results from Roku (NASDAQ: ROKU), which has made a habit of reporting better-than-expected top-line growth. Q4 proved to be no exception.
Following market close on Thursday, Roku said its revenue for the period surged 49% year over year to $411 million, handily beating analysts' average forecast for revenue of $392 million. Even more impressive, the company's guidance for both first-quarter and full-year revenue was higher than anticipated.
The quarter capped off an outstanding year for Roku in which its top line, gross profit, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) all exceeded management's forecasts.
Source Fool.com
