Roku Estimates Q4 Active Accounts Top 27 Million; Streaming Hours Up 68%
LOS GATOS, Calif.--(BUSINESS WIRE)--Jan 7, 2019--Roku Inc. (Nasdaq: ROKU) today disclosed preliminary Q4 2018 data for two key operating metrics, active accounts and streaming hours, demonstrating continued momentum for the Roku platform as consumers shift toward streaming and away from traditional linear TV. The company made the disclosures ahead of business meetings at CES 2019 this week in Las Vegas.
“Strong active account growth and accelerating streaming hours point to consumers’ growing enthusiasm for streaming, making Roku America’s largest and fastest growing TV streaming distribution platform,” said Roku CEO Anthony Wood. “In 2018, we maintained our leadership in streaming players, licensed smart TVs and TV streaming hours. Roku continues to bring viewers more choice, great value, a compelling user experience – and lots of TV fun.”
Roku will report final operating metrics as well as fourth quarter and full year 2018 financial results in February. The company will provide a 2019 outlook at that time.
About Roku Inc.
Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku streaming players and Roku TV™ models are available around the world through direct retail sales and licensing arrangements with TV OEMs and service operators. Roku TV Wireless Speakers are available direct from the company. Roku is headquartered in Los Gatos, Calif. U.S.A.
This press release contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include but are not limited to Roku’s preliminary Q4 2018 data for two key operating metrics, active accounts and streaming hours; the continued momentum for the Roku platform as consumers shift toward streaming and away from traditional linear TV; consumers’ accelerating streaming hours and growing enthusiasm for streaming; and Roku’s ability to continue to grow its TV distribution platform. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports Roku, Inc. files with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2017 and our most recent Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on Roku’s website and are available from Roku without charge.
Roku is a registered trademark of Roku Inc. in the U.S. and in other countries.
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CONTACT: James Samford
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO TECHNOLOGY CONSUMER ELECTRONICS INTERNET SOFTWARE FILM & MOTION PICTURES
SOURCE: Roku Inc.
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