Roku Q3: Strong Growth (Rating Upgrade) (NASDAQ:ROKU)


Roku To Layoff 200 Employees As Tech Downsizing Continues

Justin Sullivan

Shares of Roku (NASDAQ:ROKU) exploded higher by 31% after the streaming company delivered a solid earnings beat for the third-quarter last week and management said that the platform is benefiting from a strong rise in video ads. Roku’s streaming

Actual Results

Q3’23

Q2’23

Q1’23

Q4’22

Q3’22

Growth Y/Y

Active Accounts (millions)

75.8

73.5

71.6

70.0

65.4

16%

Streaming Hours (billions)

26.7

25.1

25.1

23.9

21.9

22%

Average Revenue Per User/ARPU ($)

$41.03

$40.67

$40.67

$41.68

$44.01

-7%



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