Roku Soars on Strong Q3 Results and Q4 Outlook As Ad Sales Rebound

Roku stock jumped 30% as Q4 revenue guidance topped estimates; pointed to signs of ad rebound

Q3 revenue grew 20% to $912M, driven by distribution deals and ad sales rebound

Video ad growth on Roku platform outperformed overall ad market and linear TV

Brand ad spending up in categories like health/wellness and CPG, but media/entertainment still weak

Added 2.3M accounts to reach 75.8M total; streaming hours up 4.9B to 26.7B