Roku's stock has more than doubled since its first earnings report -- making its founder a billionaire

  • Roku, a video streaming platform and hardware company, blew past Wall Street estimates in its first earnings report as a public company on Thursday.
  • The stock has more than doubled since.
  • Founder Anthony Wood, who owns 27.3% of Roku, is now a billionaire.

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 who now serves as Netflix‘s VP of Internet TV, still owns 27.3% of the company, according to public filings. The surge in Roku’s stock price has grown Wood’s net worth by $US652 million to $US1.07 billion, according to Bloomberg.

In its first earnings report as a publicly-traded company, Roku crushed estimates, reporting an adjusted loss of $US0.10 on revenues of $US124.78 million. Wall Street was expecting a loss of $US0.40 per share on revenue of $US118.75 million.

Shares rose 13% on Friday, and another 32% into Monday afternoon after the company announced discounted streaming sticks ahead of the holiday season.

Shares are trading 67% above their September opening price.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.