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Roku Closed 2023 With 80 Million Active Accounts

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Roku closed out 2023 with more than 80 million active accounts, marking another quarter of healthy growth, along with a year of decent user growth in general.

Considering Roku’s 2022 finished with 70 million active accounts, the company managed to add more than 10 million in the past 12 months. With the company having closed out the third quarter of the year with 75.8 million, Roku also managed to add over 4 million active accounts in the fourth quarter alone.

As the leading TV streaming platform, Roku aims to make television better for everyone,” said Anthony Wood, Founder and CEO, Roku. “In a world where one day all TV will be streamed, we’re immensely proud to be the programmer of the home screen for more than 80 million active accounts around the globe, connecting people directly to what they love to watch.”

Roku also saw a similar level of increase in the number of hours streamed. After generating 23.9 billion streaming hours in the fourth quarter of last year, Roku’s Q4 2023 streaming hours came in at 29.1 billion, a year-over-year increase of more than 5 billion. With 26.7 billion hours in the third quarter of this year, Roku also saw a quarter-over-quarter increase of around 2.4 billion streaming hours.

In total, Roku generated more than 100 billion hours during 2023, marking the first time the company has hit that milestone in a single year.

In terms of revenue, Roku posted total net revenue of $3.5 billion for the year, up 11% on the year before. In spite of being known for its devices, most of Roku’s revenue comes from its platform these days. In 2023, for example, $3 billion of its total revenue was platform revenue, with $829 million generated in the fourth quarter alone.

John Finn
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John Finn

By John Finn

John Finn is the Founder and Editor of Streaming Better, a platform created in 2019 to help consumers navigate the complicated live TV streaming and subscription service market.

John has been covering technology for various online publications since 2014. After originally covering the wider tech industry as a writer and editor, John now spends his time focusing on the emerging video-streaming market, including live TV streaming, SVOD, AVOD, FAST, and TVOD services.

In a bid to keep up to date on the industry, John actively subscribes to multiple streaming services at the same time. However, John continues to advocate that the best approach for consumers is to rotate between streaming services as needed.

A Psychology graduate from England, who now lives in the US, John previously worked in the aviation industry as an airline reviewer. While reviewing airlines isn't quite the same as reviewing devices and streaming services, John brings the same analytical eye to all of his reviews and industry analysis, along with a special emphasis on what's best for the consumer.

Connect with John
Email: john@streamingbetter.com
X: @J_Finns
Website: JohnFinn.net

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