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Roku Q4 Earnings: Edging Wall Street Revenue Expectations, Streaming Giant Passes 80 Million Active Accounts
Roku edged Wall Street expectations for revenue in the fourth quarter and reported it hit 80 million active accounts.
RokuCourtesy Roku edged Wall Street expectations for revenue and matched them on the bottom line, also reporting it hit 80 million active accounts by the end of 2023. The drop was blamed on an increasing share of active accounts being in non-U.S. markets, where the company is focused on growing scale and engagement, even if near-term revenue isn’t as robust. In the quarter and 2023, streaming services distribution activities grew faster than platform revenue overall, the company wrote, “benefiting from increases in both subscription sign-ups and prices.
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