Roku 650m 615m yoy 14.3m is a popular streaming device that allows users to access various online streaming services. The company recently release its Q1 2021 financial report, which shows promising results. In this article, we will take a closer look at the numbers and what they mean for the future of Roku.
Roku’s Q1 2021 financial report shows that the company generate $574.2 million in revenue, which is a 79% increase compared to the same period last year. The company’s net income has also increased to $76.3 million, which is a significant improvement from the $54.7 million loss in Q1 2020. One of the reasons for Roku’s success is the increase in active accounts. The company now has 53.6 million active accounts, which is a 35% increase compared to last year.
Additionally, the average revenue per user (ARPU) increased by 32% to $32.14. This increase in ARPU is due to higher advertising revenue and subscription fees. Roku’s streaming hours have also increase by 49% to 18.3 billion hours. This increase is due to the pandemic, which has force people to stay at home and rely on streaming services for entertainment. The company’s advertising revenue has also increase by 101% to $496.9 million, which is a significant contributor to the overall revenue growth.
Roku 650m 615m yoy 14.3m financial report shows that the company has had a successful quarter, with significant growth in revenue, net income, active accounts, ARPU, streaming hours, and advertising revenue. The pandemic play a significant role in this growth, but it is clear that Roku’s popularity and success will continue beyond the pandemic. As more people turn to streaming services for entertainment, Roku well-positioned to continue its growth and success in the future.