:Roku forecast third-quarter revenue above market expectations on Thursday on the back of a recovery in the ad market, sending the shares of the streaming device maker up 4 per cent in extended trading.After several months of muted spending, companies are raising their expenditure on ads on signs of an improv
:Roku forecast third-quarter revenue above market expectations on Thursday on the back of a recovery in the ad market, sending the shares of the streaming device maker up 4 per cent in extended trading.
"We have begun to see some ad verticals improve, which resulted in modest YoY platform revenue growth in Q2, and we are well positioned to re-accelerate growth as the ad market recovers," company executives said in a letter to shareholders. Its strong guidance comes after large digital platforms Meta Platforms and Alphabet delivered upbeat results on higher digital ad sales.
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