- Roku, a video streaming platform and hardware company, blew past Wall Street estimates in its first earnings report as a public company on Thursday.
- The stock has more than doubled since.
- Founder Anthony Wood, who owns 27.3% of Roku, is now a billionaire.
Anthony Wood, the 51-year-old founder who now serves as Netflix‘s VP of Internet TV, still owns 27.3% of the company, according to public filings. The surge in Roku’s stock price has grown Wood’s net worth by $652 million to $1.07 billion, according to Bloomberg.
In its first earnings report as a publicly-traded company, Roku crushed estimates, reporting an adjusted loss of $0.10 on revenues of $124.78 million. Wall Street was expecting a loss of $0.40 per share on revenue of $118.75 million.
Shares rose 13% on Friday, and another 32% into Monday afternoon after the company announced discounted streaming sticks ahead of the holiday season.
Shares are trading 67% above their September opening price.
- Markets Insider