Roku stock surges on earnings beat, record quarter for premium subscriptions

In this article

Shares of Roku

jumped more than 6% on Friday after the video streaming company posted fourth-quarter results that trounced analysts’ expectations and offered strong guidance.

Here’s how the company did based on analysts’ estimates compiled by LSEG:

“The biggest driver of our subscriptions business is just the secular trend of more and more services moving into a service like premium subscriptions instead of just doing their own app,” Roku CEO Anthony Wood told CNBC’s Julia Boorstin on Friday. “That’s really, I think, the core driver.”