Todd Spangler NY Digital EditorRiding a big wave of stay-at-home streaming usage, Roku boosted revenue in the fourth quarter 58%, to a record $649.9 million — and posted a $65.2 million net profit for the quarter, whereas Wall Street had expected a loss.The company already announced last month that it ended 2020 with 51.2 million active accounts, up 39% year over year, and that the ad-supported Roku Channel more than doubled its audience to reach U.S.
households with an estimated 61.8 million people in Q4.Analysts on average expected Roku to post revenue of $617.7 million and a loss of 5 cents per share for Q4, according to research firm Refinitiv.
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