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AP Images

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

Go deeper

Updated 16 mins ago - Politics & Policy

Inauguration Day dashboard

U.S. Capitol and stage are lit at sunrise ahead of the inauguration of Joe Biden. Photo: Patrick Semansky - Pool/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Biden has arrived at the White House and he will sign executive orders and other presidential actions.

44 mins ago - Podcasts

Podcast: After the Biden inaugural

Joe Biden was sworn in today as America's 46th president in an inauguration unlike any other in modern history.

Axios Re:Cap goes deeper into the speech, the atmosphere and what it all tells us about the incoming administration, with Axios political reporters Hans Nichols and Alexi McCammond.

Biden embarks on a consequential presidency

Photo illustration: Sarah Grillo/Axios. Photo: Joe Raedle/Getty Images

Donald Trump tried everything to delegitimize the rival who vanquished him. In reality, he's set Joe Biden on course to be a far more consequential U.S. president than he might otherwise have become.

The big picture: President Biden now confronts not just a pandemic, but massive political divisions and an assault on truth — and the aftermath of the assault on the Capitol two weeks ago that threatened democracy itself.