Share markets is not a very predictable place to be honest. Shares catapult towards sky sometimes and sometimes towards the depths of hell. However, experts know how much and where to plant! Its all just a game of numbers and forecasts that sometimes backfires as well! Roku has started the year with a wild run for success, and it looks like even after half of the year has passed the race is not over still! Thursday witnessed yet another catapult of Roku shares as they rushed towards the sky, breaking free from Wall Street estimates as well!
Roku seems to be invincible right now!
The shares of the streaming platform soared as high as 22% on Thursday to a record intraday of $123.16 high. The previous all-time highest intraday of the company was $113.44. The platform unveiled its second-quarter earnings that smashed right through the Wall Street estimates. However, this is not the first time something like this is happening!
Roku Surpasses 30 Million Accounts, Delivers Better-Than-Expected Q2 Results https://t.co/AB2EWnEvkO
— Variety (@Variety) August 7, 2019
The entire data regarding the estimates of Wall Street and the real outcome are below-
 Revenue – The estimated total was $224.46 – What the company actually garnered is $250.1
 Per Share Earning- The estimated price was -$0.21 – What the platform earned -$0.08
It's gonna get big. It's gonna come fast. And it's gonna be lucrative. pic.twitter.com/OEbk2vF8Px
— Ophir Gottlieb (@OphirGottlieb) August 8, 2019
 Average Revenue per consumer- It went up by $2.00 from the first quarter. Thus ending up to be $21.06
 Net income- $9.33 million
What caused the massive income?
The impressive growth factor behind the skyrocketing is Roku’s ability to better monetize the impression of video advertisements. The increase in the value of its content distribution agreements is also a driving force behind the revenue growth.
— Hollywood Reporter (@THR) August 7, 2019
The two main products of the company are the Smart TV that caters users need for streaming services like Netflix and Roku Streaming Player. The Roku Streaming Player acts as an equivalent to the Fire Stick of Amazon.
How far ahead is CML Pro?
* On July 6th I shared this chart with members (left image)
* Today, on August 7th, Roku shared *the same chart*
Ahead. Not a little, and not of 'a guy.'
Ahead of the company.
— Ophir Gottlieb (@OphirGottlieb) August 7, 2019
The 1.4 million new accounts that Roku got in the second quarter also added umpteen drops in the already heavy rain of revenue. For now one things is clear Roku knows the tac-ticks of growing its business and is doing its best to do that.
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