(Reuters) – Shares of Roku Inc fell more than 20% in the extended trade on Wednesday after the streaming platform forecast its current quarter player and platform revenue lower than that in the last year.
“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.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini Ganguli)
