Roku Reports Record Revenue and User Growth in Q3 2023

Roku Inc (NASDAQROKU) reports 20% YoY increase in total net revenue, reaching $912M in Q3 2023.

Active accounts grow to 75.8M, a net increase of 2.3M from Q2 2023.

Streaming hours increase by 4.9B hours YoY, reaching 26.7B in Q3 2023.

Adjusted EBITDA reported at $43M.

Financial highlights include 18% YoY rise in platform revenue to $787M and 3% YoY increase in gross profit to $369M.