Roku reported impressive first-quarter results, exceeding financial forecasts with a 16% revenue jump to $1.02 billion.
Their acquisition of the budget-friendly streaming service Frndly TV for $185 million signifies a strategic expansion.
Although they experienced a net loss, it was significantly smaller than the previous year's, indicating progress and market confidence.
This acquisition boosts Roku's platform revenue and subscription offerings, strengthening its position in a competitive streaming landscape.
