Roku Shares Drop As Q4 Revenue Misses Expectations Forecast Below
The report sent Roku shares down 8% in late trading. The report follows a mixed Q3 report in which Roku said supply-chain disruption was affecting the TV market through the holidays, and that advertisers were trimming their ad spend, leading to a lower-than-expected forecast at the time. During a conference call with media following the report, CFO Steve Louden said TV supply-chain issues such as short supply of chips to build TVs, and the breakdown of advertising “verticals,” continues to affect the outlook for the current quarter....