Roku Adds 43 Million New Accounts in Second Quarter

Roku’s Q2 revenue increases 42% annually to $356 million

Device manufacturer Roku saw its revenue increase 42% year-over-year to roughly $356 million, thanks to ongoing shelter-in-place orders accelerating the number of users creating new accounts and an unlikely increase in its ad business as the overall TV ad industry continues on a downturn.

The Los Gatos, California-based content aggregator and smart device manufacturer grew its advertising business in the second quarter despite the ongoing pandemic, and its monetized video ad impressions doubled year-over-year.

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Samson Amore

Reporter • • Twitter: @Samsonamore