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Roku Stock Plummets Despite Earnings Beat as Investors Focus on Guidance Concerns
Roku Stock Plummets Despite Earnings Beat as Investors Focus on Guidance Concerns
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BTCCSquare news:
Roku shares plunged 15% despite surpassing revenue estimates, reflecting investor skepticism about its valuation and underlying metrics. The streaming platform posted $1.11 billion in Q2 revenue (up 15% YoY), with platform revenue climbing 18% to $975.5 million. However, a 6% decline in device sales raised concerns about user growth sustainability.
While adjusted EBITDA surged 79% to $78.2 million and GAAP losses narrowed significantly, the market reaction underscores heightened scrutiny of tech valuations. Streaming hours grew 17% to 35.4 billion, suggesting strong engagement - a potential silver lining for advertisers.
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