release. The company, which saw a surge in not only watch time, but also ad sales and device sales, reported a 73% year-over-year increase in revenues for the quarter. Roku said in the release that it expects further growth going into the holidays, albeit tempered by pandemic-related contractions in consumer spending. Roku pulled in total net revenues of $451.7 million, up 73% from $260.9 million in Q3 2019.
The streaming company cited several factors for its Q3 success, highlighting the draw it holds given continued cord-cutting and this year's unprecedented disruption in linear TV. Not only has cord-cutting continued during the pandemic—we estimate that by the end of 2020,