Shares in Roku Inc. jumped as high as 20% Wednesday after the streaming-device maker signed a multiyear agreement with Alphabet Inc. that restores the YouTube TV app to its service.
Roku had removed the YouTube TV app from its channel store in April as part of a dispute over how search results were displayed on Roku’s platform. The YouTube TV app allows its subscribers to watch dozens of live-TV channels online for a monthly fee; the more popular free YouTube app has remained available on Roku.