Roku reports q2 loss per share $0.35

Roku releases second quarter 2020 financial results.roku inc- qtrly total net revenue grew 42% yoy to $356.1 million.roku inc - roku added 3.2 million incremental active accounts in q2 2020 to reach 43 million.roku inc- qtrly average revenue per user (arpu) of $24.92 (trailing 12-month basis), up 18% yoy.roku inc - qtrly loss per share $0.35.roku inc - qtrly average revenue per user (arpu) of $24.92 (trailing 12-month basis), up 18% yoy.roku inc - steve louden to remain roku cfo.roku inc - ad industry outlook remains uncertain for q3 and q4.roku inc - streaming hours per active account have moderated since peaking in early q2, but remains elevated from pre-covid-19 levels.roku inc - believe total tv ad spend will not recover to pre-covid-19 levels until well into 2021.roku inc - in q2, player sales in both canada and the uk more than doubled year-over-year.roku inc - recently discovered that some pause time was inadvertently included in the streaming hours information in central device logs.roku - developed and validated software update to address the pause time logging errors and expect to fully deploy this update by end of this month.roku inc - remain committed to strategic investment areas and are continuing to hire, albeit at a slower pace than pre-covid-19 levels.roku inc - believe overall revenue will grow substantially on a year-over-year basis in second half and for full-year 2020.
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