Here's Why Roku Shares Are Popping Off Today

Here's Why Roku Shares Are Popping Off Today

Roku Inc ROKU shares are trading higher by 8.94% to $88.33 Thursday morning as streaming-related stocks gain following Walt Disney Co DIS earnings. Disney also announced ad-supported subscription offerings.

Disney said fiscal third-quarter revenue jumped 26% year-over-year to $21.5 billion, which beat average analyst estimates of $20.49 billion.

Disney said it added 14.4 million Disney+ subscribers in the third quarter, bringing total subscribers up to 152.1 million. The average monthly revenue per paid subscriber for domestic Disney+ decreased from $6.62 to $6.27 in the quarter... Read More

According to data from Benzinga Pro, Roku has a 52-week high of $400.95 and a 52-week low of $62.00.

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