Roku (ROKU) Surges 10.43% on Amazon Deal

Roku, Inc. (NASDAQ:ROKU) is one of the 10 Stocks Post Jaw-Dropping Gains.

Roku Inc. grew its share prices by 10.43 percent on Monday to close at $82.17 apiece after clinching a major exclusive advertisement deal with Amazon Ads.

In a statement on Monday, Roku, Inc. (NASDAQ:ROKU) said that it partnered with Amazon Ads to offer the largest authenticated Connected TVs (CTV) platform that would give advertisers access to more than 80 percent of households, or 80 million users connected with CTVs.

Under the partnership, Amazon’s demand-side platform would make Roku the primary platform for addressable CTV ad buying, and enable advertisers to run campaigns across major streaming services such as The Roku Channel, Prime Video, as well as other leading CTV streaming services on Roku and Fire TV operating systems.

They will also be able to run campaigns across Disney, FOX Corporation, Paramount, Tubi, and Warner Bros Discovery, among others.

According to the two firms, early tests of the integration propelled advertisers’ reach by 40 percent in terms of unique viewers.

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Disclosure: None. This article is originally published at Insider Monkey.