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Roku Ekes Out Revenue Gain of 1% in Q1, Streaming Accounts Grow to 71.6 Million

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Roku came in above analyst estimates on the top line for the first quarter of 2023, as it gained 1.6 million active streaming accounts in the period. But the company told investors that the macroec…

Revenue in Roku’s Platform segment declined 1%, to $635 million. The company generates Platform revenue through ad sales, the distribution of streaming services, the distribution of FAST channels, Roku Pay, and its media and entertainment promotional capabilities. “The macro environment remained challenged in Q1,” the company said in its shareholder letter.

Roku had 71.6 million active streaming accounts as of the end of Q1. The streaming platform and devices company had 70 million active streaming accounts at the end of 2022 . As its costs have climbed, Roku has made two rounds of layoffs in the last six months: It announced the

 

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