Roku users spent 14.6 billion hours streaming content in the last 3 months
Roku users streamed 14.6 billon hours of content in the second quarter, helping the streaming-media company post better-than-expected revenue despite weakness in the television advertising market.The company reported a net loss of $43.1 million, or 35 cents a share, compared with a loss of $9 million, or 8 cents a share, in the year-earlier quarter. Analysts surveyed by FactSet were expecting a 52-cent loss per share.
Roku’s 14.6 billion streaming hours in the quarter increased from 9.4 billion hours a year earlier, and the company saw active accounts climb to 43 million. That was up from 39.8 million in the March quarter and 30.5 million in the prior June quarter.The company said that streaming levels per active account have “moderated” since hitting their peak in the beginning of the second quarter, but that they remain above where they were prior to the pandemic.
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