RokuExtended trading saw shares fall as low as 10% on Thursday, after video streaming company posted fourth-quarter and first-quarter guidance. Both were lower than consensus.

The company’s success story is shown below:

• Earnings:According to Refinitiv, 17 cents per Share is adjusted vs. 9 Cents per Share as analysts expected.
• Revenue:According to Refinitiv, $865.3 Million is more than $894.0 Million as analysts expected,

The quarter saw a 33% increase in revenue year-over-year, according to a statementThis is compared to 51% growth in the third quarterThe second quarter was 81%.

Roku forecasts that first quarter revenue will reach $720 million, which is 25% growth in revenue. Refinitiv’s consensus revenue was $748.5 Million.

In the fourth quarter, Roku had 60.1 million accounts active. This figure is 17% higher than last year, and much more than StreetAccount’s 59.5 million target.

Platform, which is digital advertising subscriptions and revenue sharing, generated $703.6million in revenue for the company. That’s 49% higher than StreetAccount consensus at $7332.2 million. This segment had a gross margin of 60.5% in its fourth quarter, down from 65.0% during the previous quarter.

The revenue from streaming devices sold by players was $161.7million, a decline of 9% compared to StreetAccount’s expectations of $162.5million.

The quarter Roku saidIt had reached an agreement with GoogleYouTube TV and YouTube TV can be kept on the service.

Excluding the after-hours move, Roku stock has fallen about 37% since the start of 2022, while the S&P 500 index is down about 8% over the same period.

Analysts and executives will be discussing the results on a conference phone call that begins at 5 pm ET. ET.

This is important breaking news. Stay tuned for new updates.

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