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Roku stock plunges as downbeat earnings forecast assumes ad budgets could 'degrade'

Por: MarketWatch Business November 03, 2022

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“As we enter the holiday season, we expect the macro environment to further pressure consumer discretionary spend and degrade advertising budgets, especially in the TV scatter market,” the company said in its shareholder letter. “We expect these conditions to be temporary, but it is difficult to predict when they will stabilize or rebound.” Chief Financial Officer Steve Louden shared on a call with reporters following the release that... + full article



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