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Roku shares slip after a strong Q1 as the streaming TV company reins in its full-year outlook

The streaming platform also scooped up subcription service Frndly TV in a $148 million deal.

5/2/25 9:54AM

Roku shares sank 10% in Thursday morning trading, after the company beat first-quarter estimates but took a more cautious tone on the year ahead.

Revenue jumped 16% to $1.02 billion, marking the first time Roku has cracked the billion-dollar mark in a single quarter. The company also trimmed its losses to $0.19 per share — narrower than Wall Street’s expected $0.26 drop.

Platform revenue, which includes ad sales and subscriptions, rose 17% to $881 million. Roku said its video ad business and streaming distribution arm are growing even faster than the platform segment overall. The company continues to deepen its reach, now planted in over half of US broadband homes and making inroads in Mexico, where it’s in more than 40% of households.

But execs have dialed back their full-year forecast, citing a still shaky ad market and broader macroeconomic uncertainty. Roku now expects full-year net revenue of $4.55 billion, down from its previous forecast of $4.61 billion.

Roku shares are down 21% year to date.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

Roku shares slip after a strong Q1 as the streaming TV company reins in its full-year outlook

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