Somebody was watching a lot of stuff on their Roku streaming TV devices last quarter. And the Los Gatos-based company was quick to tout its latest viewing figures Monday ahead of the annual Consumer Electronics Show.
Roku said that during the fourth quarter of last year, it had 27 million active accounts, a 40 percent increase over the final three months of 2017. Roku defines active accounts as the number of accounts that have used Roku over a 30-day period, and uses the number as a measurement of how well its business in growing.
Roku's strong gains in its active accounts spurred investors' faith in the company, as its shares surged almost 25 percent, to $42.06 on Monday.
Additionally, Roku said is viewers streamed 7.3 billion hours of programming during the fourth quarter of 2018, which was 68 percent more than what its viewers watched in the year-ago period. Roku said that for all of 2018, is users streamed about 24 billion hours worth of programming.
Roku said it will give more details about its business situation when it delivers its full quarter report in February.
