The Roku Inc (NASDAQ:ROKU) stock is expected to be in focus later on today or tomorrow considering the fact that the company is going to report its quarterly results after the closure of markets today.
As the company tries to push for proprietary content, there are a lot of things that are going to be watched closely by investors. The company has projected revenues in the $478 million to $493 million range for the quarter and while it is going to reflect a sequential drop, it is apparently a normal state of affairs in the quarter after the holiday season.
On the other hand, Roku has projected that it is going to generate positive EBITDA in the $27 million to $34 million range. That is going to be a considerable improvement from the $16.3 million EBITDA loss in the prior-year period. The other update that investors will be looking for will be in relation to the company’s current dispute with YouTube TV. Roku removed it from the platform after stating the pricing was not acceptable.
ROKU stock is down 6.38% at $284.76.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.