By Katherine Hamilton
Roku shares fell after the company lowered parts of its full-year guidance due to macroeconomic uncertainty and tariffs.
The stock slipped 8.2% to $61.74 on Friday. Shares have lost 17% of their value this year.
The smart-TV and streaming company on Thursday lowered its guidance for full-year revenue to $4.55 billion, down from a prior estimate of $4.61 billion. It now expects revenue from devices to be roughly flat, compared with the 12% year-over-year growth it previously forecast.
The new outlook accounts for more macroeconomic uncertainty than usual, Roku said. It added it is difficult to predict how much tariffs will affect its devices segment.
Oppenheimer analysts said Roku is highly exposed to short-term market fluctuations because most advertisements are sold 30 to 60 days in advance. Uncertainty on advertising budgets could remain for the duration of tariffs, Wedbush analysts added.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 02, 2025 11:17 ET (15:17 GMT)
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