Roku’s expansion into content have helped the platform grow revenues by 79%.
The company that acquired the assets of short-form programmer Quibi has also licensed CYPHER, a new and relatively-unknown scripted series. On its premier on The Roku Channel in the United States and Canada CYPHER became the channel’s No. 1 show in its first weekend.
Roku generated record revenues of $574.2 million in the first quarter; delivering profit of $466.5 million, an increase of 101%.
Streaming Hours increased by 1.4 billion hours over last quarter to 18.3 billion
Two new products launched in April, the Express 4K, an affordable 4K streamer, and the Roku Voice Remote Pro.