Roku to resume sales in Mexico, stock gains in late trading
Roku Inc. ROKU, +3.19% shares gained almost 4% in late trading Tuesday after the company said it would resume sales in Mexico. Roku device sales had been banned in Mexico for more than a year amid a court battle resulting from hackers offering pirated content from HBO, ESPN and others through Roku devices. In an announcement Tuesday afternoon, Roku said that a ruling in the case opened the door for sales to resume. "We are grateful for our customers in Mexico who, despite the sales ban, continued to stream more and more hours; and for our retail partners and content providers who supported us throughout this past year," Roku General Counsel Stephen Kay said in the news release. "We look forward to launching the latest Roku devices in Mexico soon and giving customers an even richer streaming experience." Roku stock gained about 3.7% in late trading, which could have also been influenced by strong earnings results from Netflix Inc.NFLX, +3.98% which helped develop Roku’s streaming dongles before allowing the company to establish itself independently.
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