Roku Inc. shares were down by nearly 5% in Thursday morning trading on the Nasdaq GlobalSelect market, after the company known for its OTT-empowering stick, FAST channels and nascent feature films (“Weird: The Al Yankovic Story”) released a rather dismal Q4 2022 forecast following better-than-expected Q3 results.
In fact, the earnings projections are so disappointing that one key Wall Street analyst asked in all seriousness, “Is Roku broku?”