Roku's Strong Growth Continues With 42% Jump in Revenue in Q2
Streaming device and platform provider Roku (NASDAQ: ROKU) continued along its strong growth trajectory in the second quarter, according to its report for the period, which it delivered after the bell Wednesday. Compared to the previous year, revenue increased 42%, gross profit was up 29%, and average revenue per user (ARPU) jumped 18%.
In recent years, the company has been focusing more on its video-streaming platform, which now provides more than 68% of its total revenue. It said platform revenue grew 46% year over year, while player revenue, which includes its Roku devices, grew 35%. The company beat analysts' estimates on both the top and bottom lines for the quarter.
Source Fool.com
