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Roku Beats Q4 Sales Estimates and Tops 80 Million Active Accounts, Stock Drops on ‘Challenging’ Media and Entertainment Outlook for 2024
Roku Q4 2023 earnings came in above expectations but warned of a "challenging" environment for media and entertainment spending for the rest of 2024.
Roku came in above Wall Street forecasts for the fourth quarter of 2023 — and touted new milestones of more than 80 million active accounts globally as of the end of last year and more than 100 billion hours streamed in 2023. “In a world where one day all TV will be streamed, we’re immensely proud to be the programmer of the home screen for more than 80 million active accounts around the globe, connecting people directly to what they love to watch.” At the Variety Entertainment Summit at CES last month, Roku Media president Charlie Collier touted the streaming company’s conviction that over the long term TV viewing is inevitably migrating to internet distribution.
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