Roku Added Over 14 Million Accounts Last Year

With shares gaining nearly 150% in 2020, Roku (NASDAQ: ROKU) was a clear beneficiary of the COVID-19 pandemic as people streamed more TV on the platform than ever before due to lockdown orders and other restrictions. For a few months near the onset of the crisis, the broader advertising market took a dip due to all of the macroeconomic uncertainty. Fortunately, ad spending rebounded quickly heading into the end of 2020 as economies started to reopen.

Roku has now provided investors with preliminary estimates for a couple of its most important operating metrics to close out a blockbuster year.

Image source: Roku.

Source Fool.com