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Broadcasting & Cable

Business

Daniel Frankel

Roku Soundly Beat Forecasts on Revenue in Q1, But It Continues to Lose Money

Roku

Roku soundly beat equity analysts forecasts in first-quarter revenue, bringing in $741 million in total sales, up 1% year over year, vs. expectations of only $711.5 million.

The streaming company also added 1.6 million active accounts in Q1, a 17% year-over-year surge, ending up with 71.6 million as of the end of March.

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One subscription that gives you access to news from hundreds of sites

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