's (NASDAQ: ROKU) operating losses ballooned last year amid a pullback in advertising spending, but the first quarter showed some promising signs for the connected-TV leader.

A couple of key operating metrics showed that Roku is still making progress in growing the size of its audience. Active accounts climbed 17% year over year to 71.6 million, and streaming hours grew even faster at 20%. In other words, more people are streaming more content on Roku devices.

That said, Roku's sluggish revenue growth has led to EBITDA losses. But a couple of factors should lead to improvements in Roku's bottom line this year as it aims to return to positive EBITDA by 2024.

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Source Fool.com