Roku beats Q4 financial expectations with streaming hours and accounts growth, but faces uneven ad market recovery.

Roku reported Q4 2023 earnings with revenue of $984.4 million, exceeding expectations of $966.3 million. The company reported a loss of 55 cents per share, which was better than the estimated loss of 57 cents per share. Roku had 80 million active accounts at the end of the quarter, with an average revenue per user of $39.92. The company exceeded its platform revenue goal, reaching $828.9 million. Roku ended the year with 100 billion streaming hours and continues to focus on innovation and growth in 2024.

February 15, 2024
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