The company reported 61.3 million active accounts for the first quarter, up 14% year over year and a sequential gain of 1.1 million. That’s compared with 35% account growth in Q1 2021 when it netted 2.4 million accounts. Total hours streamed by Roku users in Q1 was 20.9 billion, also up 14%, versus a 49% uptick a year earlier.
Roku cited “the end of government stimulus payments that served to temporarily drive discretionary consumer spend in Q1 2021” for the slowdown in streaming accounts.[...] Continue reading @ variety.com
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