”Consumers are turning to Roku now more than ever,“ Roku CEO Anthony Wood said on Monday
Roku is benefiting from people not being able to do much while under stay-at-home orders because of the coronavirus pandemic, with the company sharing on Monday afternoon its users watched 13.2 billion hours of content during Q1.
That’s an increase of 49% year-over-year, and about 1.5 billion hours more than viewers spent streaming content during Q4. Roku also said it pulled in 3 million more customers during the first quarter — beating analyst projections by about half a million people. On average, Roku’s active members watched 3.75 hours of content per day during Q1.