Roku Stock Rockets on Surprise Profit – What Investors Need to Know
Roku’s late-October surge was driven by its quarterly report. On Oct 30, Roku announced Q3 revenue of $1.21 billion, up 14% from a year ago Reuters. Platform revenue (mostly ads and content distribution) jumped 17%, reflecting strong engagement on The Roku Channel and with advertisers Investing Thedesk. Crucially, Roku turned an operating profit: CEO Anthony Wood noted the results “reflected the…