Roku Beats Expectations with Surprise Profit, Streaming Ad Rebound Fuels Growth
- Roku delivered surprise profit in Q3 and forecast higher revenue, sending streaming stocks up
- Results indicate rebound in advertising market, benefiting ad-supported streaming tiers
- Streaming shift continues with linear TV ads moving to over-the-top platforms
- Roku saw continued rebound in video ads from Q2 to Q3
- Roku posted core profit versus expected core loss, ahead of expectations
/cloudfront-us-east-2.images.arcpublishing.com/reuters/E7HDN37WXBMADPUGW6AEAWRQRA.jpg)