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Roku Glides Past Wall Street Q4 Expectations As Streaming Continues Its March
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deadline.comRoku continues to ride the streaming wave, reporting fourth-quarter results ahead of Wall Street expectations, with revenue shooting up 58% from a year ago to just shy of $650 million.Operating income swung from a loss in the year-earlier period to a profit of $65.2 million.Wall Street analysts had expected a net loss and revenue of $615 million, according to FactSet.Users streamed 17 billion hours in the quarter, Roku said, and more than 58 billion hours in 2020, with both numbers representing a 55% year-over-year increase.Roku has been one of the biggest beneficiaries of lockdowns due to Covid-19.
The company added some 14 million active users in 2020, ending the year with 51 million active accounts. Its stock is up 37% in 2021 to date
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