Roku On Track For $1 Billion In Revenue In 2019

Roku plans to be a billion-dollar company in 2019, the company said on Thursday as part of its announcement of strong earnings. The company beat analyst estimates and reported strong growth in active users and streaming hours with earnings of $0.05 per share, compared with the $0.03 analysts had estimated, and revenues of $276 million, compared with the expected $262 million. Roku also reported 40 percent year-over-year active user growth, with 27.1 million active users by year-end, and a 69 percent year-over-year increase in streaming hours, which reached 7.3 billion. The company said it plans this year to invest in international expansion, its ad-supported service The Roku Channel, advertising, and its Roku TV platform. While cord cutting is driving some of Roku’s growth, only around half of Roku’s customers fit this description, CEO Anthony Wood pointed out.

Topics:  ceo anthony   tvs   u.s tv    international   united   states   abc   cheddar   people tv   showtime   starz   epix   channel   hbo   cbs all   access   it s   q4   at&t warnermedia   apple   disney   viacom   pluto tv    nbc    i   netflix   roku   wood   tv   roku s   u.s    u.s     in   in    i    roku   u.s   million   company   platform   active   year   market   year-over-year   percent   growth   households   added   share   pay   compared   cord   believes   today   estimates   opportunity   reported   base   years   reached   part   users   user   customers   great   service   areas   services   top   accounts   offered   strong   addition   plans   aims   customer   major   reach   
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