Jump to content
Mach1

Roku believes half of US homes will have cut the cord by 2024

Recommended Posts

Mach1

 

 

2020-02-14-image-12.jpg
Forward-looking: Streaming media player maker Roku as part of its earnings report this week predicted that by 2024, roughly half of all US homes will have cut the cord or never had traditional pay TV to begin with.

At last check a little over a year ago, research firm MoffettNathanson estimated that around 78 percent of US households still had some form of pay TV like cable or satellite. And that’s after years and years of companies like Netflix, Amazon and Hulu pushing streaming platforms down our throats so to think that the traditional pay TV industry could lose another 25 percent of subscribers in four years isn’t all that far-fetched, especially with the advent of 5G.

 

2020-02-14-image-13.jpg

 

For those curious, Roku finished the fourth quarter with 36.9 million active accounts that collectively streamed 11.7 billion hours of content. Total revenue for the quarter ending December 31, 2019, checked in at $411.2 million, up from $275.7 million in the year-ago period and $260.9 million in the previous three-month window leading into the holidays.

 

An increase in operating expenses in the quarter, however, contributed to a $17.4 million loss overall.

Roku’s stock popped in after-hours trading following the close of markets yesterday but is down more than six percent on the day as of this writing.

 

Source

Share this post


Link to post
Share on other sites
Snuffy1942

Yes, better and cheaper than Local cable company, more channels, better resolution, Roku TV & Hulu. then IPTV on my Surface via USB.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...