Source: CNBC
Summary
Roku reported a net income of $80.5 million in Q4, beating expectations. The company also announced plans to offer streaming bundles, aiming to simplify the streaming experience for users. According to the report, Roku’s revenue grew 18% year-over-year, with the majority coming from its platform segment. The company’s active accounts reached 70 million, up 14% year-over-year.
Our Reading
The update arrives with confidence.
Roku’s Q4 earnings were a pleasant surprise, with the company beating expectations. The streaming bundles announcement sounds like a rehash of existing ideas. The company is essentially repackaging its existing services, calling it a “simplified” experience. Roku’s active accounts grew, but it’s hard to get excited about 14% growth. Roku’s “innovation” is starting to feel like rearranging deck chairs.
Author: Evan Null
