Here's Why Roku Stock Surged Today

·2-min read
Here's Why Roku Stock Surged Today

Roku (NASDAQ: ROKU) climbed 11.6% Friday after the streaming media company delivered strong first-quarter results. Roku's revenue soared 79% year over year to $574.2 million, fueled by a 101% surge in platform revenue, to $466.5 million. Roku's advertising platform is becoming more attractive to marketers as people shift their viewing habits away from traditional TV and toward streaming services.