Roku’s first-ever earnings report was very solid, surpassing analysts’ expectations in every area. The streaming device-maker generated $123.8 million in revenue during Q3, as compared to $89 million in the third quarter of 2016. Wall Street had predicted $110 million in third quarter revenue. The company wasn’t quite profitable, but its net losses amounted to only $7.9 million, down from $12.7 million during the same period last year. Analysts had expected net losses of $12.7 million, matching those of last year’s third quarter. On other notable tidbit: While Roku is best known for its streaming devices, $57.5 million of its Q3 revenue came from its advertising and licensing business. The other $67.3 million came from hardware sales. (Bottom line: Roku may have a more multi-layered and versatile business model than many people realize.) Roku’s stock took big leap after the report, rising by over 26% in after-hours trading.
Before last night’s Emmys, co-host Michael Che promised, “We’re gonna come out on the wrong side of history for sure. We’re aiming toward it.” So did Che and his SNL Weekend Update co-anchor Colin Jost, in a broadcast overseen by SNL creator and exec producer Lorne Michaels, shake it up? After a “we solved it” […]
Path is going nowhere. The eight-year-old social media service will be removed from the App Store and Google Play on October 1; users have until October 18 to download a copy of their data. Founded by former Facebook product manager Dave Morin and one-time Napster execs Dustin Mierau and Shawn Fanning, the service had 15 […]
DASANI Sparkling is finally diving into sports courtesy of a new deal between the Coca-Cola Company and the PGA TOUR. The brand will now serve as the TOUR’s official Sparkling Water and officially launch in conjunction with next week’s TOUR Championship at East Lake Golf Club in Atlanta. To celebrate the relationship, DASANI Sparkling debuted […]
Week two of the NFL season saw upticks for all three networks carrying the league. CBS Sports’ Week 2 coverage of The NFL on CBS on Sunday delivered its best opening NFL doubleheader game rating in three years and is the highest-rated game of the day on any network with an average overnight household rating/share […]
Before last night’s Emmys, co-host Michael Che promised, “We’re gonna come out on the wrong side of history for sure. We’re aiming toward it.” So did Che and his SNL Weekend Update co-anchor Colin Jost, in a broadcast overseen by SNL creator and exec producer Lorne Michaels, shake it up? Yes, in short, with lots […]