Roku is holding its floor within the battle for streaming viewership.
The gadget maker introduced after the closing bell on Wednesday that its second quarter income grew 57% over the earlier 12 months to $156.eight million. That is the quickest quarterly development the corporate has seen since 2013.
The corporate’s inventory rose 18% on Thursday morning to a report excessive of over $57.
Roku additionally added an unbelievable 22 million lively accounts in its newest quarter. Person streaming hours elevated considerably too: Up 57% to five.5. billion hours from April to June.
Associated: Samsung’s subsequent transfer: A $22 billion guess on new tech
The struggle for viewers pits Roku in opposition to different streaming units like Amazon’s ( Hearth Stick, )Apple ( TV, in addition to sensible TVs. However in keeping with market analysis agency Park Associates, Roku stays the preferred streaming gadget in the US. )
Roku (, which was based in 2002, went public in September 2017. )
CNNMoney (New York) First revealed August 9, 2018: 11:26 AM ET