Roku stock soars on third-quarter revenue beat, solid outlook

Roku revenue grew 20% year over year in the third quarter and beat Wall Street's expectations.

Roku revenue grew 20% year over year in the third quarter and beat Wall Street expectations.Roku said it experienced a rebound in video ads during the period.A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company's initial public offering at the Nasdaq Market in New York on Sept. 28, 2017.soared in after-hours trading on Wednesday after the company reported better-than-expected revenue for the third quarter.

But revenue was up 20% year over year, the company reported, largely driven by "strong performance in content distribution and video advertising, along with unit sales of Roku-branded TVs, which launched in March 2023," RokuRoku-branded smart TV's come pre-installed with the Roku interface users would experience on an external plug-in Roku Streaming Player.

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