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Roku Jumps Sharply Midday on Streaming Numbers

Published 01/07/2019, 11:32 AM
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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%.

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