Roku stock surges on earnings beat, record quarter for premium subscriptions [CNBC]
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It also offered guidance for the current period and full year that surpassed Wall Street's expectations. Roku executives said it was the "biggest quarter ever" for net adds to premium subscriptions. In this article Shares of Roku jumped more than 6% on Friday after the video streaming company posted fourth-quarter results that trounced analysts' expectations and offered strong guidance. Here's how the company did based on analysts' estimates compiled by LSEG: Earnings per share: 53 cents adjusted vs. 28 cents Revenue: $1.39 billion vs. $1.35 billion "The biggest driver of our subscriptions business is just the secular trend of more and more services moving into a service like premium subscriptions instead of just doing their own app," Roku CEO Anthony Wood told CNBC's Julia Boorstin on Friday. "That's really, I think, the core driver." Roku executives said in their shareholder letter that the fourth quarter was the "biggest quarter ever" for net adds to premium subscr
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