Roku fell short of Wall Street revenue targets for the fourth quarter of 2021 and warned of ongoing supply-chain disruptions into 2022, prompting the streaming platform company’s to drop.
The company posted overall revenue of $865.3 million for Q4, up 33%, while net income came in at $23.7 million, or 17 cents per diluted share. Net income for the quarter was down 65% year over year as costs increased in Roku’s player hardware segment.
Wall Street consensus estimates were for Q4 revenue of $894 million and EPS of 7 cents, according to financial-data provider Refinitiv.
Shares of Roku were down 8% in after-hours trading Thursday, after the stock dropped 10.4% in regular trading amid a broader market downturn.
Roku boasted of ending 2021 with 60.1 million…
