Roku's Largest Growth Driver Moving Forward
Streaming platform company Roku (NASDAQ: ROKU) recently reported its earnings results for the first quarter of 2022. Investors got a look at the company's latest numbers, and while that's always great, what CEO Anthony Wood had to say on the earnings call was more interesting.
Roku has become an established giant in the streaming space, with more than 61 million active accounts, and it's still growing at a double-digit pace. But most of Roku's future upside will come from something other than account growth. Let's take a look at why Roku's brightest days might be yet to come.
Roku grew active accounts in the first quarter of 2022 by 14% year over year to 61.3 million, while average revenue per user (ARPU) grew 34%. When you're purely a streaming subscription business like Netflix, subscribers are your only revenue source, and your subscriber growth means everything to investors.
Source Fool.com
