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Stock impact report

Roku stock surges on earnings beat, record quarter for premium subscriptions [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
Shares ofRokupostedHere's how the company did based on analysts' estimates compiled by LSEG:"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 subscriptions. The program lets users subscribe to different streaming services, like HBO Max and Paramount+, using a single login on the Roku platform.The company said it expects to roll out premium subscription bundles this year.Revenue grew 18% from $1.03 billion a year ago. Net income totaled $80.5 million, or 53 cents per share, compared with a loss of $35.5 million, or 24 cents a share, one year earlier.For the current period, Roku said it expects to report $1.2 billion in reve Show less Read more
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