By Jill Goldsmith Roku became the latest company to withdraw its 2020 financial guidance due to economic uncertainty but affirmed its first quarter numbers and gave a sneak peek at some fast-growing metrics ahead of its earnings call scheduled for May.
The company estimates it had 39.8 million active accounts as of March 31, a net increase of nearly 3 million since the end of 2019.
It expects to report first-quarter streaming hours of 13.2 billion, up 49% year-over-year. The company noted that early in the first quarter it completed the rollout of its “Are you still watching” feature – which exits video playback after long periods of user inactivity.
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