Roku Surges 11% On Blowout Quarter; Street Bullish On Outlook

Shares in Roku (ROKU) are surging 11% in Friday’s trading after the streaming video platform reported a strong beat for the third quarter with revenue and EBITDA coming in well above Street estimates.Specifically, ROKU’s Q3 GAAP EPS of $0.09 beat consensus expectations by $0.50. Revenue of $451.7M topped analyst estimates by $83.62M, and surged 73.1% Y/Y. Meanwhile active accounts came in at 46M vs. 43M at the end of the previous quarter while ARPU (average revenue per user) of $27...