Daily Poll: Saying “No” to porn, Roku shares dropped
$Roku Inc(ROKU.US$ failing to learn the lessons of its predecessors Tumblr, Livejournal, and Onlyfans — is saying “No” to porn on its service. As part of a general removal of non-certified channels, Roku is closing a loophole that allowed Pornhub and other spicy channels on the platform.
Also, the company reported a third-quarter revenue that missed expectations. The company’s revenue came in at $680 million, just below a Refinitiv forecast of $683.4 million. Roku was hit with a double whammy.
In its shareholder letter, Roku said the deceleration is a result of “global supply chain disruptions that have impacted the U.S. TV market.” The company expects those disruptions to continue into 2022 and impact product pricing, availability, and advertising during the holiday season.
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gas 1126 : Does anyone invest in this stock
hayjaykay : bought more
Mike Hunt : They missed on revenue by a fraction of a percent. Their earnings at $.48 EPS came in 800% over the $.06 expected by the street. They have transformed from an unprofitable company being valued as a growth stock to one that can be valued on fundamentals … and they made that transition 2-3 years ahead of The timeframe the market expected say 3-4 years ago.
The reason this tanked on this earnings was because the institutional deep ITM options were on puts. We see it in this market all the time. $Apple (AAPL.US)$ blowout earnings 3 months ago followed by a tanking was a perfect example. The movement that follows earnings numbers coming out has little to do with those actual earnings numbers themselves and more to do with where the hedges bets have been placed.