Roku reported better-than-expected first-quarter results and raised its guidance, sending shares up more than 9%.
shares were surging Thursday morning, up more than 9% to almost $71 apiece, after the company reported better-than-expected first-quarter results and raised its guidance.
Roku said the number of active accounts increased by 2 million duering the quarter to 29.1 million, and that streaming hours jumped by 1.6 billion to 8.9 billion. Average revenue per user spiked 27% year-over-year to $19.06 on a trailing 12-month basis.
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