Roku Tops 65 Million Active Accounts, but Advertising Revenue Lags

Plus, CFO Steve Louden is leaving the company (again)

Despite adding 2.3 million active accounts in the third quarter, Roku is still experiencing a slowdown in TV advertising spend, a trend that’s plagued the industry.

Roku reached 65.4 million active accounts in the third quarter, a 16% year-over-year increase and up from the 1.8 million it added last quarter.

Streaming grew by 1.1 billion hours to hit 21.9 billion, reversing the decline from last quarter, a 21% year-over-year jump.

“Certainly there are a lot of macroeconomic challenges and uncertainty out there,” CFO Steve Louden told reporters ahead of the company’s earnings call.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in