Roku posted a loss of 13 cents per share, coming in just above the loss of 14 cents a share that was expected by Wall Street.
Subscribers also came in stronger than expected at $36.9 million. Analysts were looking for $36 million.
“In addition to increasing our scale, we continue to see growing engagement on our platform, with 2019 streaming hours up 16.3 billion year-over-year to a record 40 billion hours,” Steve Louden, CFO, said on Roku’s earnings call.
The stock is up over 172% in the past year.
Curious about what Jim Cramer is thinking about the stock and how it's doing in the face of the streaming wars?
Watch the full video above for more.
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