Streaming company Roku reveals in its 2019 fourth quarter earnings report that it now claims 36 million active users as cord-cutting become more popular…
Roku says that we are now in the “streaming decade.” This, coming from the company that grew from a somewhat obscure Netflix box into one of the biggest streaming names in the business. And, grew it has, up by a sizable percentage with increased sales in the last quarter of last year.
Roku Reaches 36 Million Active Users, according to the Company’s Q4 2019 Report
Roku now claims 36.9 million active accounts, hosting 60 percent more streaming hours than the same period last year, and retail sales up by 33 percent, to boot.
The numbers are not only good for Roku, which now has its own proprietary channel, a wide variety of streaming hardware, and even a solid number of televisions, it’s also good news for the entire cord cutting industry.
The company writes to its shareholders, in-part, the following:
“In Q4 2019, we exceeded our outlook for revenue, gross profit and adjusted EBITDA. For the full year, we achieved strong growth, exceeded $1.1 billion in revenue, and reinforced our position as America’s No. 1 TV streaming platform by hours streamed. We connect consumers, content publishers, advertisers and TV brands and are rapidly increasing our scale.”