Roku Shares Plunge. Is This a Red Flag or Time to Buy the Dip?
Shares are now trading around August 2022 levels. Platform revenue climbed 15% to 135.6 million. The growth was led by video advertising. Platform gross margins fell 240 basis points in the quarter, while platform gross profits climbed 13% to 135.6 million. Device gross profits were 78.2 million, well above its $70 million guidance. Notably, Roku's adjusted EBITDA ...