Roku shares were up 8% in after-hours trading Wednesday after the company topped expectations with its second-quarter results and issued and encouraging outlook.
“Certainly having big names in the TV ecosystem coming into the space is a positive for Roku,” Chief Financial Officer Steve Louden said. “Historically, as more and more content has come onto the platform, that presents additional opportunities for engagement and monetization.”The company had 30.5 million active accounts as of the second quarter, up 1.4 million sequentially, and generated average revenue per user of $21.06, up $2 from the first quarter.
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