Roku shares tumbled nearly 23% in premarket trading.
The video-streaming company issued fourth-quarter revenue and first-quarter revenue guidance that came in below consensus.
With respect to guidance, Roku called for $720 million in first-quarter revenue, which implies 25% revenue growth. The Refinitiv revenue consensus was $748.5 million. Roku said it sees $55 million in adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, in the first quarter, below the $79.2 million consensus among analysts polled by FactSet.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments