The San Jose, Calif.-based company added 4.6 million new active accounts in the holiday quarter, bringing its total to 70 million. Analysts had expected 3.04 million new users in the period.
However, Roku lost $1.70 a share on sales of $867 million in the fourth quarter amid a difficult advertising climate. Analysts had predicted Roku would lose $1.72 a share on sales of $803 million in the December quarter. In the year-earlier period, Roku earned 17 cents a share on sales of $865 million.
In after-hours trading on the stock market today, Roku stock surged 11.2% to 70.62. During the regular session Wednesday, Roku stock rocketed 12.1% to close at 63.49.
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