Roku beat Wall Street estimates for third-quarter revenue on Wednesday, driven by higher advertising sales on its platform.

Roku surpassed expectations in Q3 2024 with a revenue milestone but faced ongoing device profitability challenges.

The video streaming company reported a loss of 6 cents a share on revenue of $1.06 billion, up 16% from a year ago.

Average revenue per user was $41.10, an increase of slightly under $0.50 on a quarterly basis but flat when compared to the prior year. This article, Roku net revenue surpasses $1 billion in Q3, was first published at The Desk.