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Roku sees ad sales growth slowing as businesses conserve cash

Roku Inc said it expects 2020 ad sales to grow at a slower pace and recorded higher cancellations in the first quarter as advertisers save cash amid the COVID-19 pandemic, sending its shares down 10% in extended trading on Thursday. [Source]

Publication Date:

Origin: reuters.com

Category: technologyNews

Topics: sales, trading, extended, shares, sending, pandemic, COVID-19, advertisers, quarter, first, cancellations, higher, recorded, slower, expects, conserve, businesses, slowing, growth

Source: http://feeds.reuters.com/~r/reuters/technologyNews/~3/W2m_EDWe8Lo/roku-sees-ad-sales-growth-slowing-as-businesses-conserve-cash-idUSKBN22J3AN