Streaming giant Netflix is expanding its podcasting footprint msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
The U.S. company added 2.4 million new active accounts in Q1.
Roku expects up to £446.25 million revenue in current quarter.
Roku Inc. (NASDAQ: ROKU) reported its financial results for the fiscal first quarter on Thursday that beat Wall Street estimates. On the back of hawkish quarterly performance, the company also raised its guidance for Q2.
1. Financial performance
Roku said that its net income in the first quarter printed at £54.92 million that translates to 38.87 pence per share. In the comparable quarter of last year, it had posted £39.37 million of net loss, or 32.39 pence per share.
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A federal jury on Friday convicted Michael Kail, Netflix’s former vice president of IT operations, of taking bribes from tech startups looking to do business with the streaming giant.
Kail was found guilty on 28 out of 29 counts of wire fraud, mail fraud and money laundering, after a 2 ½-week trial at the San Francisco-based U.S. District Court for the Northern District of California, the U.S. Department of Justice said in a statement Friday.
The Los Gatos-based 49-year-old was indicted in May 2018, accused of accepting over $500,000 in kickbacks between 2012 and 2014 in exchange for approving millions’ of dollars worth of contracts to tech companies that were seeking to do business with Netflix.