Roku Q1 Double Beat, Adds New Streaming Platform — Shares Drop On Cautious Guidance, Tariff Risks
1. Roku's Q1 revenue rose 16% to $1.02 billion, surpassing estimates. 2. Platform revenue increased 17% to $881 million, highlighting strong engagement. 3. Roku acquired Frndly TV for $185 million to enhance subscription services. 4. Second-quarter revenue guidance suggests growth, but below analyst expectations. 5. Stock fell 4.7% post-earnings, reflecting investor concerns over guidance.