Roku’s Revenues Are Up to 260.9 Million in The 3rd Quarter of 2019 & Roku Now has 32.3 Million Active Accounts


By

on

in

, ,

Today Roku announced its 3rd quarter 2019 earnings and Roku’s ad/subscription revenue has continued to climb to a new record, outpacing revenues from Roku player sales. In the 3rd quarter of 2019 Roku’s revenue was 260.9 million up 50% year over year.

Roku saw revenue from ads and subscriptions jump 112.2 million up 59% over the same period 2018. This is compared to revenue from streaming player sales that was just 6.2 million.

Roku also reported that they now have 32.3 million active accounts.

When asked about how much money Roku makes off its hardware, Roku’s CEO said: “We don’t really make money… we certainly don’t make enough money to support our engineering organization and our operations and the cost of money to run the Roku service,” Roku’s CEO Anthony Wood said last year. “That’s not paid for by the hardware. That’s paid for by our ad and content business.”

Roku seems to have found a sweet spot for their company by selling cheap streaming devices and making money from the ads and subscriptions. At this rate of growth, Roku may soon be making twice as much off ads and subscriptions than physical devices sold.

Are you happy paying less for a Roku streaming player if it makes money from the ads you see? Leave us a comment and let us know.

Roku will hold its 3rd quarter 2019 earnings call later today. We will have full coverage of everything Roku announces during the call.

Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.

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, 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.