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Roku reports 57 percent rise in quarterly revenue

Posted by: Admin | Posted on: August 8th, 2018 | 0 Comments

(Reuters) – Roku Inc reported a 57.4 percent rise in quarterly revenue on Wednesday, helped by higher number of subscribers for its ad-supported video streaming platform.

The company reported a profit of $526 million in the second quarter ended June 30 compared with a loss of $15.5 million a year ago. On a per share basis, the company broke even compared with a loss of 3.18 cents per share.

Total net revenue rose to $156.8 million from $99.6 million.

Reporting by Sonam Rai in Bengaluru

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/hf3XsXJT5To/roku-reports-57-percent-rise-in-quarterly-revenue-idUSKBN1KT2JU

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