Roku Cracks $1B Mark In Platform Revenue In Q4; Shares Jump

Roku delivered a strong set of fourth-quarter results, including crossing the $1 billion threshold in platform revenue. The streaming giant ended the quarter on December 31 with 89.8 million streaming households, surpassing 90 million in January, and also drew 34.1 billion streaming hours in the quarter. Both metrics were up double digits from the same period a year earlier. Total revenue of$1.2 billion increased 22% from a year ago, nipping Wall Street analysts’ consensus estimate for $1.15 billion. The ...