U.S. Markets open in 34 mins

Roku's stock has more than doubled since its first earnings report — making its founder a billionaire (ROKU)

Graham Rapier
Roku CEO Anthony Wood

Marcio Jose Sanchez/AP


  • Roku, a video streaming platform and hardware company, blew past Wall Street estimates in its first earnings report as a public company on Thursday.
  • Since then, the stock has more than doubled.
  • Founder Anthony Wood, who owns 27.3% of Roku, is now a billionaire. 


Shares of Roku have skyrocketed 125% in the three days after the streaming-video platform company released its first earnings report as a public company.

Anthony Wood, the 51-year-old founder and CEO, 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 26% on Monday  after the company announced discounted streaming sticks ahead of the holiday season.

Shares of Roku have gained 82% since they began trading in September.

Roku stock price

Markets Insider

NOW WATCH: Investors are running out of money — and that's bad news for stocks

See Also: