Roku’s shares jumped 14% to a new 52-week high after the company reported a significant reduction in quarterly losses and a robust increase in streaming households. The company added over four million new streaming households in the last quarter, bringing the total to 89.8 million, a 12% year-over-year increase. CEO Anthony Wood highlighted that more than half of U.S. broadband households now use Roku for TV viewing. Roku’s revenue for the fourth quarter rose by 22% to $1.2 billion, surpassing Wall Street expectations. The net loss was cut in half to $35.5 million, or 24 cents per share, from $78.3 million, or 55 cents per share, the previous year. Streaming hours also saw an 18% year-over-year increase. Looking ahead, Roku forecasts $1 billion in net revenue and $450 million in gross profit for the first quarter of 2025.
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