Roku points finger at advertising slowdown for missing the mark on quarterly results

In this current climate, Roku needed a win. Despite the company reporting total net revenue growth of 18% year-over-year to $764 million– a nice increase from $737.7 million last quarter—the company missed Wall Street’s expectations. Analysts expected revenue of $805 million, which would have reflected 25% year-over-year growth.
What is to blame for missing the mark? Roku said in its letter to shareholders, “There was a significant slowdown in TV advertising spend due to the macro-economic environment, which pressured our platform revenue growth. Consumers began to moderate discretionary

リンク元