February 13, 2020 / 9:10 PM / 5 days ago

Roku holiday quarter revenue beats on new streaming platforms

Feb 13 (Reuters) - Roku Inc beat Wall Street estimates for quarterly revenue on Thursday, as the video streaming device maker benefited from the launch of streaming services from Walt Disney Co and Apple Inc in the quarter, sending its shares up 10%.

Total net revenue rose about 49% to $411.2 million, beating analyst’s estimates of $391.6 million, according to IBES data from Refinitiv.

The company posted net loss attributable to common stockholders of $15.7 million, or 13 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $6.8 million, or 5 cents per share, a year earlier. (Reporting by Ayanti Bera in Bengaluru; Editing by Shailesh Kuber)

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