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Roku Active Account Growth Slows in Q1, Revenue Booms 79%

show reports 2020

06.05.2021 - 23:23

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variety.com

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Todd Spangler NY Digital EditorRoku gained 2.4 million new active accounts, demonstrating that the pandemic-driven streaming momentum that buoyed its results in 2020 has slowed down.

Meanwhile, the company easily topped analyst expectations in the first quarter of 2021.The streaming platform reported revenue of $574.2 million, up 79% year over year, and a net loss of $.

With the pickup of new active accounts, Roku in Q1 2021 reached 53.6 million total, up 35% — slower than its growth rates last year.Click here to subscribe to Variety’s Media Earnings newsletter.Wall Street analysts on average expected Roku to report Q1 revenue of $490.6 million and a loss of 13 cents per share.Roku’s Platform segment revenue — comprising ad sales and.

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17.05.2021 / 19:53

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