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Stock for Roku, an streaming platform company, was up over 20% in after-hours trading Wednesday after it beat Wall Street estimates for its first earnings report as a public company. Of note, the company says it expects full year revenues to reach or exceed $500 million in 2017, nearly double those from the year prior. Two-thirds of Roku's revenue last quarter came from video advertising served on ad-supported channels, including "The Roku Channel."

Why it matters: Roku continues to be the the most-used connected-TV device in U.S., per eMarketer, beating Google Chromecast, Amazon Fire and Apple TV. Its success points not only to the momentum of digital TV in the U.S., but its popularity with consumers.

By the numbers:

  • Net revenue: $124.8 million, up 40% year over year vs. $110.5 million Thomson Reuters estimates, per CNBC
  • Adjusted EPS: 10 cents loss, vs. loss of $1.37 Thomson estimate, per CNBC
  • Gross profit: $49.9 million, up 92% year over year
  • Active Accounts: 16.7M, up 48% year over year
  • p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.8px Arial; color: #222222; -webkit-text-stroke: #222222; background-color: #ffffff} li.li1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.8px Arial; color: #222222; -webkit-text-stroke: #222222; background-color: #ffffff} span.s1 {font-kerning: none} ul.ul1 {list-style-type: circle} ARPU (Avg. revenue per user): $12.68, up 37% year over year

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Bryan Walsh, author of Future
1 hour ago - Science

The murder hornets are here

A braver man than me holds a speciment of the Asian giant hornet. Photo: Karen Ducey/Getty Images

Entomologists in Washington state on Thursday discovered the first Asian giant hornet nest in the U.S.

Why it matters: You may know this insect species by its nom de guerre: "the murder hornet." While the threat they pose to humans has been overstated, the invading hornets could decimate local honeybee populations if they establish themselves.

Biden is highest-spending political candidate on TV ads

Joe Biden. Photo: Sean Rayford/Getty Images

After spending an additional $45.2 million on political ads this week, former Vice President Joe Biden has become the highest-spending political candidate on TV ads ever, according to data from Advertising Analytics.

By the numbers: In total, the Biden campaign has spent $582.7 million on TV ads between 2019 and 2020, officially surpassing Michael Bloomberg's record spend of roughly $582 million. Biden's spend includes his primary and general election advertising.