Roku users are streaming an insane amount of video hours
Roku crushed its first-ever earnings report as a public company on Wednesday, thanks largely to the massive growth of its platform business. This business includes revenue from advertising and licensing deals, and for it to grow people need to be watching content on Roku's platform. As we can see in this chart from Statista, its users need no convincing to do so. The 3.8 billion hours of content streamed on Roku's platform in the third quarter equates to 2.5 hours of daily watch time per user.
The company also saw a 48% increase in active user accounts year-over-year, showing that consumers like what Roku is selling and that things could look even better for the next quarter. The company said it is now on track to see $500 million in revenue this year, up from $400 million in 2016.
Mike Nudelman/Business Insider
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador