Roku (NASDAQ:ROKU) delivered mixed third-quarter results, with a reported loss per share of $2.33, which was better than the anticipated loss of $1.96 per share. However, the company’s revenue for the quarter was strong at $912 million, surpassing the Street estimate of $855.1 million.
The company’s stock experienced a notable surge, nearly 30% intra-day today, following Roku’s unexpected fourth-quarter guidance. Roku anticipates an adjusted EBITDA of $10 million for the quarter, defying analyst expectations of a $57.6 million loss.
For the upcoming quarter, Roku forecasts revenue to be around $955 million, aligning closely with the Street estimate of $956.8 million.