Roku Withdraws 2020 Financial Guidance, Reveals Jump In Streaming Hours, Active Accounts For Q1 Ahead Of Earnings

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Roku became the latest company to withdraw its 2020 financial guidance due to economic uncertainty but affirmed its first quarter numbers and gave a sneak peek at some fast-growing metrics ahead of…

due to economic uncertainty but affirmed its first quarter numbers and gave a sneak peek at some fast-growing metrics ahead of its earnings call scheduled for May.

The company noted that early in the first quarter it completed the rollout of its “Are you still watching” feature – which exits video playback after long periods of user inactivity. That was expected to moderate streaming-hour growth, but, starting late in the first quarter, Roku began to see the effects of large numbers of people sheltering in place, which accelerated new account growth and viewing.

 

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