Roku Q3 revenue jumps 24% as M&E ad spend hits 4-year high
Variety’s Todd Spangler reports that Roku posted Q3 revenue of $1.50 billion, up 24%, with net income of $183 million, more than seven times the year-prior quarter.
Why it matters. Media companies are now bidding up ad spend on Roku’s platform to promote content directly to streaming audiences, a sign studios see Roku as a primary promotional channel rather than just a distribution pipe.
Signal from variety.com · Todd Spangler · read the original.
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