November 6, 2019 / 9:16 PM / 12 days ago

Roku quarterly net loss widens on higher costs

Nov 6 (Reuters) - Roku Inc reported a bigger net loss in the third quarter, as the video streaming device-maker spent more to attract subscribers to its video streaming platform, sending shares down 15% in extended trading.

The company’s net loss widened to $25.2 million, or 22 cents per share, in the third quarter ended Sept. 30, from $9.5 million, or 9 cents per share, a year earlier.

Total net revenue rose to $260.9 million from $173.4 million. (Reporting by Ayanti Bera in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below