Roku’s stock price jumped 28% Thursday to close at a record of $83.17, a day after the company reported stellar results for the first quarter. The streaming specialist, which went public in the fall of 2017, posted stronger-than-expected revenue on Wednesday as well as sharp increases in streaming time and active…

Roku, a key enabler of the streaming revolution, reported strong first-quarter results that sent its stock surging in after-hours trading. Revenue of $206.7 million handily beat Wall Street forecasts of $192 million. On an adjusted basis, EBITDA swung to $10 million from a loss of $800,000 in the year-ago…

UPDATED with closing prices. In the wake of Apple’s much-ballyhooed, two-hour live unveiling of its new video, credit-card, gaming and news publishing offerings, shares in the iPhone maker declined nearly 2% to close at $187.61. Apple shares lost about 1% during the course of the two-hour presentation, which had solid…

Apple’s hotly anticipated entry into video streaming, which is it likely to unveil March 25, will ramp quickly and could rack up 100 million subscribers in just five years, according to a forecast from Wedbush Securities analyst Daniel Ives. In a note to clients, the analyst said the company has some ground to make up…

Roku continued its recent momentum by reporting fourth-quarter results that beat Wall Street expectations and validated its recent strategic shifts. Earnings per share came in at 5 cents, which was a dip from 6 cents in the year-earlier quarter, but well ahead of analysts’ consensus forecast for 3 cents. Total revenue…

Following through on plans announced earlier this month, Roku has officially added premium subscription access to Showtime, Starz and Epix via the Roku Channel. The channel is up and running on iOS; Android devices will get it in mid-February. Anyone signing up for the premium networks before March 31 will get a…

UPDATED to reflect Roku’s decision to pull InfoWars, 5:30 PM: Roku said it is removing Alex Jones’ InfoWars channel from the Roku Channel Store following online backlash. Months after being banned by Facebook, YouTube, Spotify and other major Internet platforms, InfoWars found new online distribution through the Roku…

Roku said its active accounts now exceed 27 million, representing 40% year over year growth. The company, which makes streaming players and licenses its technology to television manufacturers, said usage also rose dramatically over the holiday quarter. Users logged 7.3 billion hours in the quarter, up about 68%…

The Roku Channel, which offers thousands of free free, ad-supported movies and television shows, will soon offer premium subscriptions. The company said its millions of viewers will have the opportunity later this month to subscribe to Showtime, Starz, Epix and 22 other premium channels through The Roku Channel…

Investors sent Roku shares up 9% during the trading day on bullish expectations for first-quarter earnings, and the streaming company did not disappoint after the closing bell, beating Wall Street analysts’ estimates with a landmark quarter. The company reported a net loss for the quarter of 7 cents a share, which was…

Roku, the independent streaming company whose stock became a Wall Street darling last year before coming back to earth in the first quarter, is seeing an 11% gain today on a trifecta of positive developments. Shares are up almost to about $36.69, on more than double the average trading volume, after the company…

As TV viewing continues to change, marketers are trying to keep pace. That means spending on traditional TV ads will fall by $1 billion to drop below the $70 billion plateau for the first time since 2015, according to a new forecast from eMarketer. With cord-cutting and over-the-top (OTT) viewing continuing to…