Roku says it remains cautious despite a strong quarter that saw an acceleration in its net additions.
The company, which offers consumers hardware and software, said its Streaming Hours surpassed 100 billion for the first time on a trailing 12-month basis.
Revenues were up by 20% year-on-year to reach $912 million. Platform revenue was $787 million, up 18%.
Part of the growth is down to the performance of Roku branded TVs, with the Roku Operating system continuing to be the number one best selling TV OS in the United States. Roku has had success with large screen models.
In the UK, the company has recently announced Roku TV models with JVC at Currys stores, Polaroid at Asda stores, and Sharp at multiple retailers.
Globally, viewers streamed 26.7 billion hours in Q3, representing 3.9 Streaming Hours per Active Account per day, up 5% year-on-year.
In advertising, Spotify has become the first TV streaming partner to introduce video ads in the Spotify app on Roku devices.
The company says that while it has reduced its headcount it will “invest in high ROI initiatives to maintain our competitive position”.
