Roku experiences slow growth with only 1.1 million accounts added in first quarter

Roku experiences slow growth with only 1.1 million accounts added in first quarter

2 years ago
Anonymous $Lfa9vBbL8e

https://techcrunch.com/2022/04/29/roku-experiences-slow-growth-with-only-1-1-million-accounts-added-in-first-quarter/

Roku’s first quarter of 2022 shows signs of slowdown, particular with a slowing of total net revenue and subscriber growth, which was below what analysts estimated. There was a significant decrease in streaming unit player sales as well due to numerous challenges.

With only 1.1 million incremental active accounts added, Roku’s subscriber total was 61.3 million in Q1. This was slightly under analysts expectations of 61.8 million. For context, at the end of 2021, Roku surpassed 60 million accounts, an increase of 3.7 million for Q4.

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