Roku, Inc. (NASDAQ: ROKU) reported a internet loss for the second quarter of 2023 when the media streaming platform’s revenues elevated by 11%.
The corporate reported complete revenues of $847 million for the three months ended June 2023, which is up 11% from the year-ago interval. The variety of energetic accounts elevated to 73.5 million.
Roku incurred a internet lack of $107.6 million or $0.76 per share within the second quarter, which marked an enchancment from the prior-year interval when the corporate reported a lack of $112.3 million or $0.82 per share.
“Roku is rising viewers and hours, whereas conventional pay TV continues to erode. Our unrelenting focus to construct a best-in-class client expertise that’s easy and pleasant is driving engagement,” mentioned Anthony Wooden, CEO of Roku.