Shares of Roku surged more than 10% Friday, at one point reaching a new 52-week high, on earnings that beat Wall Street expectations.
In an interview on CNBC’s “Squawk Box,” CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku.
Wood said the company added more than four million new streaming households during its most recent quarter and is on track to reach 100 million streaming households in the next year.
The company’s growth was driven in part by the Roku user experience, including promoting content on its home screen, Wood told CNBC’s Julia Boorstin.
“We’re the No. 1 streaming operating system in the country and in most of the Americas by a wide margin,” he said.
Here’s how the company performed for the fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Loss per share: 24 cents vs. a loss of 40 cents expected
- Revenue: $1.2 billion vs. $1.14 billion…
