Investing.com - Roku soared in midday trading after it reported very strong preliminary fourth-quarter user numbers.
Shares of Roku (NASDAQ:ROKU) jumped about 20%.
The streaming TV service said active accounts jumped to 27 million, up 40% compared with same quarter a year ago.
Streaming hours rose 68% from the year-ago period to 7.3 billion hours. For the full year, streaming hours rose 61% from 2017 to 24 billion.
“In 2018, we maintained our leadership in streaming players, licensed smart TVs and TV streaming hours,” the company said in a press release.
Streaming service Netflix (NASDAQ:NFLX), which saw its shares jump about 16% last week, gained 4.5%.