Roku Shares Tumble Following Earnings Report

Roku's stock plunges after the company reports a decrease in revenue per user and warns of future challenges, despite beating revenue estimates.

Roku's average revenue per user dropped 4% year-over-year, leading to a 24% plunge in stock value.
Despite the drop, Roku reported a 13.5% increase in revenue to $984.4 million, surpassing analyst expectations.
The company cited macroeconomic challenges and a difficult media environment as reasons for the decline.
Roku achieved all-time highs with over 80 million active accounts and more than 100 billion hours streamed in 2023.
Analysts have mixed reactions, with some downgrading the stock and others seeing it as a long-term investment opportunity.