Roku releases 4Q 2020 results

Roku Releases Fourth Quarter and Fiscal Year 2020 Financial Results

SAN JOSE, Calif. — Roku, Inc. (NASDAQ:ROKU) today released fourth quarter and fiscal year 2020 results.

From the Shareholder Letter:
“Roku had both a strong Q4 and 2020. For both periods we achieved record revenue, gross profit and adjusted EBITDA, as consumers and the TV industry continued to shift to streaming. We surpassed 50 million active accounts, driven by the popularity of Roku® streaming players and Roku TV™ models. In 2020, the Roku OS was the No. 1 smart TV operating system in the U.S. with 38% unit share of smart TVs sold. Despite a pandemic-related advertising slowdown in the U.S., our advertising business proved resilient with Q4 Roku monetized video advertising impressions more than doubling year-over-year, as advertisers increasingly followed users from traditional pay TV to streaming. 2020 also saw prominent content publishers reorient toward TV streaming, further expanding the content selection for our users.”

Key Operating Metrics         Q4 19   Q1 20   Q2 20   Q3 20   Q4 20  YoY %
---------------------------  ------  ------  ------  ------  ------  -----
Active Accounts (millions)     36.9    39.8    43.0    46.0    51.2    39%
Streaming Hours (billions)*    10.9    12.3    14.6    14.8    17.0    55%
ARPU ($)                     $23.14  $24.35  $24.92  $27.00  $28.76    24%

* Reported streaming hours data reflects previously disclosed adjustments to our streaming hours calculations for periods prior to Q4 2020