SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Roku Inc. (ROKU) on Wednesday reported a loss of $237.2 million in its fourth quarter.
The San Jose, California-based company said it had a loss of $1.70 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of $1.73 per share.
The video streaming company posted revenue of $867.1 million in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $805.7 million.
For the year, the company reported a loss of $498 million, or $3.62 per share. Revenue was reported as $3.13 billion.
For the current quarter ending in March, Roku said it expects revenue in the range of $700 million.
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