Roku Inc. reported a slowdown in new active accounts for its streaming services in the latest quarter and guided for lower-than-expected revenue for the holiday quarter, as global supply chain issues have affected new TV sales.

Roku added 1.3 million active accounts in the third quarter, bringing its total active users to 56.4 million. Analysts polled by FactSet were expecting roughly 1.7 million additional accounts.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Mass migration from France to England and Wales took place 3,000 years ago

Mass migration from France to England and Wales around 3,000 years ago…

The Great E-Bike Debate: When Will Your Kid Be Ready to Ride One?

When Skye Hermans approached his parents last month about getting an electric…

You Don’t Have to Quit Meat to Save the Planet—Just Eat Less

In April, the Intergovernmental Panel on Climate Change dropped a gargantuan report…

PS5 UK stock LIVE – Massive Playstation restock TODAY at Game, Amazon, Smyths, Currys and John Lewis – latest updates

MUCH sought-after PS5 consoles are expected to drop at Game, AO, John…