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Roku suffers second-quarter losses due to lower advertising spend

Roku Advertising and sales of streaming hardware, two of the company’s main revenue factors, are expected to put further pressure in the second half of this year, dropping its stake in after-hours trading by 25%.

The company said in a letter to investors Thursday that it was “in an economic environment defined by fears of recession, inflationary pressures, rising interest rates and continued supply chain disruptions,” and said its second-quarter results. Announced. As a result, we expect advertising spending to continue to be negatively impacted. “We also believe that consumer discretionary spending will continue to ease, squeezing sales for both Roku TV and Roku players.”

Roku suffers second-quarter losses due to lower advertising spend

Source link Roku suffers second-quarter losses due to lower advertising spend

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