Roku Adds 2M Streaming Households In Q2, Hits Several Key Financial Targets

Category: Business

Roku added two million streaming households in Q2, reaching 83.6 million. Platform revenue increased by 11% to $824.3 million, driving total revenue to $968.2 million, up 14%. Net losses were lower than expected at 24 cents. Users streamed 30.1 billion hours, a 20% increase. The company reported positive adjusted EBITDA and free cash flow for the fourth consecutive quarter. Roku's sports offerings saw significant growth, including a deal with MLB for live streaming and dedicated sports zones on the platform.

Keywords: Roku, Streaming, Financial Results

Source: Deadline

Update At: 8/2/2024

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