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Roku posts bigger loss due to higher spending; shares fall 7%

Roku Inc posted a bigger net loss in the first quarter on Thursday, as the video streaming device maker spent more to attract subscribers to its free ad-supported channel, sending its shares down 7% in extended trading. [Source]

Publication Date:

Origin: reuters.com

Category: technologyNews

Topics: shares, bigger, trading, extended, sending, channel, ad-supported, subscribers, attract, spent, maker, device, streaming, video, quarter, first, posted, spending;, higher, posts

Source: http://feeds.reuters.com/~r/reuters/technologyNews/~3/jlvKlMoaqJQ/roku-posts-bigger-loss-due-to-higher-spending-shares-fall-7-idUSKBN22J3AN