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Roku Tops Q2 Earnings Expectations, but Total Streaming Hours Decline by 1 Billion from Prior Quarter

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04.08.2021 - 23:39

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variety.com

variety.com:

Todd Spangler NY Digital EditorRoku easily beat Wall Street forecasts for second-quarter 2021 earnings — posting record 81% revenue growth — but the net number of new active user accounts fell shy of analyst expectations.

What’s more, the total number of hours streamed fell by 1 billion hours from the prior quarter.Total net revenue grew 81% year-over-year to $645 million, and Roku reported net income of $73.5 million, or 52 cents per diluted share.

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