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Roku Shares Fall 8% After Hours on Slower Account Growth

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Roku Inc. reported a slowdown in new energetic accounts for its streaming firms throughout the latest quarter and guided for lower-than-expected earnings for the holiday quarter, as worldwide present chain factors have affected new TV product sales.

Roku added 1.3 million energetic accounts throughout the third quarter, bringing its entire energetic prospects to 56.4 million. Analysts polled by FactSet have been anticipating roughly 1.7 million additional accounts.

https://www.wsj.com/articles/roku-shares-fall-8-after-hours-on-slower-account-growth-11635972578?mod=pls_whats_news_us_business_f | Roku Shares Fall 8% After Hours on Slower Account Improvement

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