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ROKU BREAKS 60MN ACCOUNTS MARK IN 2021

Details Joseph O'Halloran | 19 February 2022

Online video firm Roku has reported a fiscal 2021 in which it saw streaming
platform revenues almost double year on year and add nearly nine million active
accounts to reach a landmark for the company.


For the fiscal year ended 31 December 2021, Roku reported total net revenue grew
55% year-on-year (YoY) to $2.765 billion with platform revenue soaring 80% YoY
to $2.285 billion. However, player revenue dipped 6% compared with the end of
202 to $510,644 million. Gross profit for the year was up 74% YoY to $1.409
billion. Average revenue per user ARPU grew to $41.03 on a trailing 12-month
basis, up 43% YoY.

It was a similar story for the fourth quarter where the company saw net revenue
climb 33% to $865,329 million, comprising $703,582 million of platform revenue,
up 49% on an annual basis, and $161,747 million player revenue, falling 9.5%
yearly.

Looking at where growth came from, the study found that active accounts reached
60.1 million, a net increase of 8.9 million active accounts from Q4 2020 while
streaming hours increased by 14.4 billion hours YoY to 73.2 billion. Roku says
that the company is now the leading TV streaming platform in the US, Canada and
Mexico in terms of hours streamed.

In addition, putting the subs growth revealed in the annual results into
context, Roku said that its US active account base has now surpassed the US
video subscribers of all of the cable companies combined. Globally, Roku users
streamed a record 19.5 billion hours in Q4 and 73.2 billion hours in 2021, which
was nearly double the hours streamed in 2019 before the pandemic.



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