Roku is holding its ground in the battle for streaming viewership.
The device maker announced after the closing bell on Wednesday that its second quarter revenue grew 57% over the previous year to $156.8 million. That’s the fastest quarterly growth the company has seen since 2013.
The company’s stock rose 18% on Thursday morning to a record high of over $57.
Roku also added an incredible 22 million active accounts in its latest quarter. User streaming hours increased significantly too: Up 57% to 5.5. billion hours from April to June.
The fight for viewers pits Roku against other streaming devices like Amazon’s ( Fire Stick, )Apple ( TV, as well as smart TVs. But according to market research firm Park Associates, Roku remains the most popular streaming device in the United States. )
Roku (, which was founded in 2002, went public in September 2017. )
CNNMoney (New York) First published August 9, 2018: 11:26 AM ET
News credit : Cnn