Why Roku Shares Are Trading Higher Following Q2 Earnings Print

Shares of Roku Inc ROKU are trading nearly 9% higher during Thursday's after-hours session following the company's second-quarter earnings print.

Here's what investors need to know.

By The Numbers: The San Jose-based digital media player issued a loss of 76 cents per share, ahead of the $1.27 loss estimate, on revenues of $847.2 million, which came ahead of the $773.43 million consensus, according to Benzinga Pro.

The company said its operating environment remains largely unchanged from the first quarter, with strong consumer demand for Roku TV models.

Roku also said that for the first time, "The Roku Channel" was 1.1% of total U.S. TV viewing in May, citing data from Nielsen. The company said its users streamed 25.1 billion hours in the second quarter — +21% year-over-year — which represented 3.8 streaming hours per account, per day.

Roku said it is well positioned to re-accelerate growth, and noted it saw third-quarter revenues coming in at $815 million.

ROKU Price action: Shares of Roku closed Thursday down 4.59% at $68.19, according to data from Benzinga Pro.

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