Streaming platform and device company Roku Inc (NASDAQ:ROKU) reported second-quarter financial results after market close Thursday.
Here are the highlights:
What Happened: Roku reported second-quarter revenue of $1.11 billion, up 15% year-over-year. The revenue total beat a Street consensus estimate of $1.07 billion according to data from Benzinga Pro.
The company reported platform revenue of $975.5 million, up 18% year-over-year. Devices revenue of $135.6 million was down 6% year-over-year.
The company said platform revenue growth came from a strong performance in video advertising and the acquisition of Frndly.
Roku reported earnings per share of 7 cents in the quarter, beating a Street consensus estimate of a loss of 16 cents per share. …