Roku's Monster Quarter: 79% Revenue Growth Understates the Performance
The latest earnings results for streaming media platform Roku (NASDAQ: ROKU) make it clear the company is still benefitting from advertisers shifting their spending away from linear TV.
Roku reported last week that overall revenue in the first quarter grew 79% year over year as more marketers followed the millions of viewers who have been canceling cable and signing up for streaming services. It was also aided by these same consumers spending more time watching content in the quarter. Of course, some of that was understandable, given the circumstances surrounding the pandemic and the need to social distance to avoid being infected.
But that great overall revenue growth news was just the tip of the iceberg.
Source Fool.com
