Your daily selection of the hottest trending tech news!
According to Tech – Fortune (This article and its images were originally posted on Tech – Fortune January 7, 2019 at 05:48PM.)
Roku shares soared on Monday after the company known for its streaming video devices reported impressive growth in the number of its active users and streaming hours.The company’s shares were up 25% at the market’s close on Monday to $42.18, highlighting Wall Street’s enthusiasm with Roku reporting a 40% year-over-year jump in active accounts to 27 million for the company’s 2018 fiscal fourth quarter. Roku shared preliminary results from its latest quarter during the week of the annual Consumer Electronics Show in Las Vegas. A company spokesperson said that Roku released this data early so it could share the results with partners during business meetings at CES.
Roku’s active accounts, which are the number of distinct user accounts that have streamed media from Roku’s services, are an important measure of the company’s financial health, according to the company’s regulatory filings. The “active account” number doesn’t track individual uses of the Roku’s services, like family members who access Roku from a shared account, the filings said.
- Got any news, tips or want to contact us directly? Feel free to email us: email@example.com.
To see more posts like these; please subscribe to our newsletter. By entering a valid email, you’ll receive top trending reports delivered to your inbox.