This is up from the 32.3 million active accounts they reported in the third quarter. For the full year, we achieved strong growth, exceeded $1.1 billion in revenue, and reinforced our position as America's No. 1 TV streaming platform by hours streamed.
Streaming device makers have benefited alongside streaming service providers like Netflix and Amazon Prime Video as consumers cut the cord to cable or satellite TV and shift to subscription-based streaming services.
Roku forecasts that over 4 decades, half of USA houses are going to have never had cable TV or may have canceled their subscription, the business stated in a letter to shareholders Thursday published together with the organization's fourth quarter 2019 outcomes.More news: ACCC Responds To TPG-Vodafone Merger After Court Ruling
Roku reported higher results for the fourth quarter and full year, with the company saying it was helped by the launch of new products, it being a neutral partner on the streaming market, the addition of new capabilities to aggregate content and bring in viewers, and improvements to its advertising platform.
Advertising is one of the biggest opportunities for Roku as the viewership moves from traditional TV to streaming, Louden added. It had 22% revenue growth from its set-top-box sales to $151.6 million. This is up from the 37 million active accounts that Amazon shared in September.More news: Picture of two mice scrapping over food wins prestigious photography award
Roku did say its average revenue per user/month on its platform - which factors in advertising revenue - grew 29% to $23.14.
Roku also pulled down total Q4 revenues of $411.2 million, up 42% versus the year-ago period, beating Wall Street expectations of $392 million. For the year, revenues will rise year-on-year to Dollars 1.580-1.620 billion while the adjusted EBITDA will range from a loss of USD 10 million to a gain of 10 million. Looking ahead, the company said it will invest its incremental gross profit in 2020 to ensure its strategic advantages for the decade ahead.
Roku shares were up $7.59 (5.46%) to $146.64 each in after-hours trading Thursday.More news: What happened to Faye Swetlik? SC Police ID man found found dead