Roku Inc. (ROKU) shares plummeted 11.02% in Friday's pre-market trading session following the company's mixed first-quarter results and disappointing second-quarter revenue forecast. The streaming platform provider's stock took a significant hit as investors reacted to concerns about future growth and potential tariff impacts.

While Roku reported better-than-expected Q1 revenue of $1.02 billion, surpassing analyst estimates of $1.01 billion, the company's outlook for the coming quarter fell short of Wall Street projections. Roku forecast second-quarter revenue of $1.07 billion, below the consensus estimate of $1.09 billion. Additionally, the company trimmed its annual revenue expectations to $4.55 billion from the previous forecast of $4.61 billion, citing economic uncertainty and tariff-related concerns.

The sharp decline in Roku's stock price reflects growing investor unease about the company's growth trajectory amid persistent macroeconomic challenges. Particularly, the devices segment faces potential headwinds from tariffs on Chinese imports. Despite reaffirming its platform revenue guidance for 2025 and announcing plans to acquire streaming service provider Frndly TV for $185 million, these positive developments were overshadowed by the cautious outlook. As Roku navigates through economic uncertainties and potential tariff impacts, investors will be closely watching the company's ability to maintain growth and profitability in the competitive streaming market.