There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
Roku shares popped nearly 55 percent on Thursday, a day after the company posted a narrower-than-expected loss.
In its first earnings report after its initial public offering, the streaming technology company also beat expectations for sales.
The company went public in late September in a $252 million IPO. Its fortunes have risen alongside services like Netflix that have moved TV viewership online, often using devices made by Roku. Netflix also reported better-than-expected results last quarter.
"Our business really is about building active accounts," CEO Anthony Wood told CNBC's "Squawk on the Street" Thursday. "For us, selling players is just a great way to build up active accounts and we optimize that business around volume of players."
Roku saw a 48 percent year-over-year increase in active accounts, and a 58 percent yearly increase in streaming hours. This quarter, DirecTV Now and Hulu Live were added to the Roku platform.
Wood said a potential tie-up between Disney and 21st Century Fox, adding another over-the-top content-maker to the mix, would only serve to drive business for Roku.
"We are the leading OTT distribution company in the U.S. and so those companies naturally come to Roku for distribution of their content, and we're just a great partner for them," Wood said. "Those companies, as they shift to OTT, that is what's driving our business."
Roku is also in the process of expanding its advertising business to better monetize its viewership. It said the advertising segment has more than doubled this year, reporting that it makes about $12.68 per user, up 37 percent from a year ago on a trailing 12-month basis.
"Everyone over time is going to shift to streaming, and I think importantly, the entire ad business — television ad business, which today is still predominantly on traditional linear TV — is moving to streaming as they follow their viewers to streaming," Wood said.
The company predicted it could break even next quarter, before interest, taxes, depreciation and amortization, if it performs on the high end of estimates.
- CNBC's Michael Sheetz contributed to this report.
Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.