Roku Q3 Earnings Preview: Can Platform Revenue Growth Exceed Expectations?
Portfolio Pulse from Henry Khederian
Roku Inc (NASDAQ:ROKU) is set to release its Q3 earnings, with high expectations following a strong Q2 performance. Analysts project a 9% year-over-year growth in platform revenue, driven by partnerships and ad monetization strategies. The company is expected to report $1.01 billion in revenue and $440 million in gross profit. Bank of America maintains a 'Buy' rating with a $90 price target, citing potential growth from political advertising and new ad verticals.
October 29, 2024 | 4:53 pm
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Roku's Q3 earnings are expected to show continued platform revenue growth, with analysts projecting a 9% YoY increase. The company's strategic initiatives in ad monetization and partnerships are key growth drivers. Bank of America maintains a 'Buy' rating with a $90 price target.
Roku's previous quarter exceeded expectations, and analysts are optimistic about continued growth in platform revenue. The company's strategic focus on ad monetization and partnerships is expected to drive revenue, supporting a positive short-term outlook. Bank of America's 'Buy' rating and $90 price target further reinforce this positive sentiment.
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