You are reading an exclusive WrapPRO article for free. Want to level up your entertainment career?ย Go here for more information.
Shares of Roku surged over 10% in-after hours trading on Thursday as the company’s total revenue for 2024 grew 18% to $4.1 billion. The increase was driven by a 22% jump in revenue for its fourth quarter to $1.2 billion, representing its first-ever quarter of more than $1 billion in platform revenue.
The company also continued to make progress towards profitability, narrowing its net loss to $35.5 million for the quarter and $129.3 million for the year.