All articles tagged with #streaming hours
Roku Inc reported a 20% year-over-year increase in total net revenue, reaching $912 million in Q3 2023. The company's active accounts grew to 75.8 million, with a net increase of 2.3 million from the previous quarter. Streaming hours also increased by 4.9 billion hours year-over-year, reaching 26.7 billion in Q3 2023. Adjusted EBITDA was reported at $43 million.
Roku reports strong Q2 earnings with revenue of $847.2 million, including $743.8 million from platform revenue. The company's net loss improved to $126 million compared to $212 million in Q1. The TV advertising market remained muted, with traditional TV ad spend declining 9.4% YoY. Roku now has 73.5 million active accounts and streaming hours rose to 25.1 billion. The company expects revenue of $815 million in Q3 and will continue to invest in third-party licensed content for its platform.