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.com. Platform revenue (mostly ads and content distribution) jumped 17%, reflecting strong engagement on The Roku Channel and with advertisers ng.investing.com thedesk.net. Crucially, Roku turned an operating profit: CEO Anthony Wood noted the results “reflected the strength of Roku’s platform model and its ability to grow both engagement and monetization.” The company earned $24.8 million net, its first quarterly profit in years thedesk.net. Streaming hours on Roku’s platform hit 36.5 billion (up 15%) ng.investing.com, and Nielsen