audience reports

Roku Hits 53.6M Active Accounts In Q1, Smashing Financial Forecasts

Reading now: 204
deadline.com

Roku kept rolling in the first quarter, reporting a 35% rise in active accounts, to 53.6 million, along with stronger-than-expected financial results.Revenue grew 79% compared with the same quarter a year ago, hitting $574.2 million, far higher than the consensus forecast by Wall Street analysts for $490.6 million.Expected by analysts to lose money in the quarter, as it did a year ago with $55.2 million in red ink, Roku instead swung to a profit, with operating income of $75.8 million.Total streaming on Roku devices came in at 18.3 billion hours, an increase of 49% year-over-year.Advertising continues to be a strong suit for Roku.

Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA