Roku, Inc.: Advertising Model Innovation & Means To Achieve Top-Line Growth!

ROKU, Inc. delivered a robust performance in Q3 2024, announcing a milestone of over $1 billion in total net revenue for the first time, marking a 16% increase year-over-year. Key financial highlights included a platform revenue of $908 million, representing a 15% increase from the previous year, primarily driven by growth in streaming services distribution and advertising activities. Notably, the Roku Channel showcased substantial growth, remaining the third most engaged application on the platform, with streaming hours surging by 80% year[1]over-year.