Roku Reports Fourth Quarter and Fiscal Year 2023 Results
Company Exceeds Expectations Despite Market Challenges
Key Metrics Show Strong Growth and Engagement
February 15, 2024 - Roku Inc. (ROKU) today released its fourth quarter and fiscal year 2023 results. The company reported strong growth in key metrics, including active accounts, streaming hours, and revenue. Roku's financial performance exceeded analyst expectations despite challenging market conditions.
In the fourth quarter, Roku reported total net revenue of $1.05 billion, a 19% increase year-over-year. Active accounts grew to 81.6 million, an increase of 11% year-over-year. Streaming hours also increased by 20% year-over-year to 21.9 billion.
For the full fiscal year, Roku reported total net revenue of $3.66 billion, a 14% increase year-over-year. Active accounts grew to 81.6 million, and streaming hours increased by 17% year-over-year to 86.9 billion.
Roku's strong performance in 2023 is a testament to the company's continued innovation and commitment to providing users with a best-in-class streaming experience. The company's focus on growth and profitability is expected to continue to drive success in the years to come.
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