Roku Narrows Q2 Losses, Surpasses Revenue Expectations

Streaming platform's revenue rises 14% year over year, driven by strong ad sales and device revenue growth.

Roku's net loss reduced by 68% to $33.95 million from $107.6 million a year ago.
Revenue reached $968 million, beating Wall Street's estimate of $935.29 million.
Streaming households increased to 83.6 million, with 30.1 billion streaming hours logged.
Platform revenue grew 11% to $824 million, while device revenue surged 39% to $143.8 million.
Company forecasts Q3 revenue of $1.01 billion, with continued growth in platform and device segments.