Roku Blames Q2 Earnings Miss On “Significant Slowdown In TV Advertising Spend” Due To The Broader Economy
Roku delivered second-quarter result well below Wall Street’s expectations, blaming a slowdown in TV advertising amid economic uncertainty. The streaming giant said it lost 82 cents a share, compared with a profit of 52 cents in the year-earlier period and posted revenue of $764 million. Analysts had expected a loss of 68 cents and revenue […]