Roku Inc (NASDAQ: ROKU) shares are trading higher Thursday after the company reported strong quarterly results. The stock is also seeing favorable analyst coverage following the print.
What Happened: Roku reported third-quarter revenue of $912.02 million, which was up 20% year-over-year and beat the consensus estimate of $855.16 million, according to Benzinga Pro. Platform revenue was up 18% year-over-year to $787 million.
The company reported a quarterly loss of $2.33 per share versus a loss of 88 cents in the prior year's quarter. Adjusted EBITDA came in at $43 ...