- Roku, a video streaming platform and hardware company, blew past Wall Street estimates in its first earnings report as a public company on Thursday.
- Since then, the stock has more than doubled.
- Founder Anthony Wood, who owns 27.3% of Roku, is now a billionaire.
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Roku's stock has more than doubled since its first earnings report — making its founder a billionaire (ROKU)
The stock skyrocketed after the streaming hardware and platform company blew past Wall Street's earnings expectations.
Shares of Roku have skyrocketed 125% in the three days after the streaming-video platform company released its first earnings report as a public company.
Anthony Wood, the 51-year-old founder and CEO, owns 27.3% of the company, according to public filings. The surge in Roku’s stock price has grown Wood's net worth by $652 million to $1.07 billion, according to Bloomberg.
In its first earnings report as a publicly-traded company, Roku crushed estimates, reporting an adjusted loss of $0.10 on revenues of $124.78 million. Wall Street was expecting a loss of $0.40 per share on revenue of $118.75 million.
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Shares rose 13% on Friday, and another 26% on Monday after the company announced discounted streaming sticks ahead of the holiday season.
Shares of Roku have gained 82% since they began trading in September.
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