Roku Hits Milestones, Surpassing 80M Active Accounts And More Than 100B Streaming Hours In 2023
Portfolio Pulse from Benzinga Newsdesk
Roku, Inc. (NASDAQ:ROKU) has surpassed significant milestones, reaching over 80 million active accounts and more than 100 billion streaming hours in 2023. The company's active account base in the U.S. now exceeds the combined subscribers of the six largest traditional pay-TV providers. Roku also launched its own line of TVs and expanded its TV licensing program. These achievements underscore Roku's position as a leading TV streaming platform, with the highest streaming hours in the U.S. and Mexico and the top-selling TV operating system in the U.S., Canada, and Mexico in Q4 2023.
February 15, 2024 | 9:27 pm
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Roku, Inc. has achieved over 80 million active accounts and 100 billion streaming hours in 2023, launched its own TV line, and expanded its licensing program, reinforcing its leadership in TV streaming.
Roku's significant milestones in active accounts and streaming hours, along with its expansion in the TV market, indicate strong growth and market leadership. These achievements are likely to positively influence investor perception and potentially Roku's stock price in the short term, given the company's enhanced scale, engagement, and market position.
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