Roku Q2 Revenue Soars 42%, Reaches 43 Million Streaming Accounts

variety.com:

Todd Spangler NY Digital EditorRoku, helped again by stay-at-home streaming during the coronavirus pandemic, topped Wall Street earnings estimates for the second quarter of 2020 and saw streaming hours skyrocket a whopping 65% year over year.Roku added 3.2 million incremental active accounts in Q2 to reach 43 million, while streaming hours increased by 2.3 billion hours over last quarter to 14.6 billion.“Roku and our partners also saw a surge in growth for AVOD, SVOD and TVOD services during the quarter,” the company said in its Q2 letter to shareholders. “As economic pressures caused advertisers to further re-evaluate how much and where to invest media dollars, Roku delivered strong growth in our ad business, particularly relative to the.