Roku releases first quarter 2020 financial results

Roku releases first quarter 2020 financial results.qtrly total net revenue grew 55% yoy to $321 million.qtrly platform revenue increased 73% yoy to $233 million.roku added 2.9 million incremental active accounts in q1 2020 to reach 39.8 million.qtrly average revenue per user (arpu) of $24.35 (trailing 12-month basis), up 28% yoy..depending on the impacts of covid-19, we are likely to run at an adjusted ebitda loss for fy 2020."overall advertising expenditure in the u.s. is likely to fall in 2020".q1 earnings per share view $-0.45, revenue view $306.7 million -- refinitiv ibes data.
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