Roku Added 2.9 Million Accounts Last Quarter, Overall Streaming Reached 13.2 Billion Hours


By

on

in

,

Roku Home Screen

Roku Home Screen

Roku’s first quarter financial results are out and the company’s reporting increases in active accounts, overall streaming hours, and more. Active accounts grew 38 percent compared to the same period last year. Year-over-year, new accounts grew by more than 70 percent. Overall streaming hours also rose, helped by an uptick in streaming hours per account.

The company cited the ongoing coronavirus pandemic and the impact it’s having on Roku’s growth. The widespread stay-at-home orders, it said, have contributed to an increasing shift from linear TV to streaming in recent weeks.

“Over the longer term, not only do we believe that the trends that we expect to define the streaming decade will remain intact, but changes brought on by the COVID-19 pandemic may even accelerate Roku’s path to greater platform scale,” the company said in a shareholder letter.

Overall, Roku’s first quarter included $321 million in revenue, up 55 percent year-over-year. Profit was also up to $141 million. Streaming hours increased by 1.6 billion hours over the previous quarter, pushing total streaming to 13.2 billion hours.

Roku’s financial call starts at 2pm PT and we’ll report back with further details as they develop.

Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, LLC stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.