Roku Inc. gains on people’s peaking streaming habit.
The digital media player maker reported its preliminary fourth-quarter data, revealing a +40% year-over-year surge in active accounts to top 27 million in the quarter. The number of streaming hours spent by viewers using Roku’s devices/services increased +68% year-over-year to 7.3 billion hours.
"Strong active account growth and accelerating streaming hours point to consumers' growing enthusiasm for streaming, making Roku America's largest and fastest growing TV streaming distribution platform," said Roku CEO Anthony Wood.
Roku shares jumped +20.6% on Monday.