Roku Posts More Than $1 Billion in Revenue in Q3 For First Time, Shaves Net Loss to $9 Million
October 30, 2024 @ 1:23 PM
Roku posted its first-ever quarter of more than $1 billion in net revenue – boosted by a 15% year over year increase in platform revenue – and continued to narrow its net losses during the third quarter of 2024.
The streamer and hardware maker also revealed that it will no longer report the total number of streaming households or average revenue per user metrics starting in the first quarter of 2025 as it shifts focus to growing platform revenue and profitability.
“Our...
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