Roku gaps higher on preliminary Q4 numbers
Roku, Inc. (ROKU) is up 13.7% Monday morning. The stock gapped higher after the company reported preliminary Q4 numbers for active accounts and streaming hours. The streaming video platform reported that Q4 active users topped 27 million. This accounts to roughly a 40 percent year over year increase. Fourth-quarter streaming hours were up 68% year over year to 7.3 billion hours. For the full year the company streamed 24 billion hours of video, up 61% from the previous year.
Roku, Inc. (ROKU) is a TV streaming platform.
Clovis Oncology, Inc. (CLVS) and Loxo Oncology, Inc. (LOXO) top the list of other companies with positive news today, while PG&E Corporation (PCG) and Altria Group, Inc. (MO) top the list of companies with negative news.
Already a member?
Login to see your Morning News Leader Trade Idea.
Not yet a member?
You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.
Become A Member
About Roku Inc.
Roku Inc operates TV streaming platform in the United States. Its TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news, and others. The operating segments of the company are Player and Platform. It derives key revenue from the Player segment which consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. Platform segment consists of fees received from advertisers and content publishers, and from licensing the company's technology and proprietary operating system with TV brands and service operators.