Roku Earnings Were Up 19 Percent in Q1

Roku reported that it posted a net loss of $72 million on revenues of $881.5 million in the quarter ending March 31. Revenues grew 19 percent year-over-year (YOY).

“Roku remains the number one selling TV OS in the U.S. and Mexico, and we continue to expand our retail distribution,” Roku explained in a letter to shareholders“. The Roku Channel’s ongoing growth made it the number three app on our platform by both reach and engagement. This strong performance demonstrates the impact of surfacing relevant content throughout our platform.”

Roku said that streaming households–previously reported as “active accounts” jumped 1.6 million sequentially to 81.6 million, a gain of 14 percent quarter-over-quarter. And total streaming hours were up 5.7 billion hours to 30.8 billion hours. Average revenue per user was flat YOY, at $40.65.

Roku’s customer base apparently values, well, value above all else, and the Roku OS–which runs on affordable streaming devices and smart TVs–was again the number one selling TV OS in the U.S. and Mexico, with over 40 percent of TVs sold in those markets.