Roku’s first quarter of 2022 shows signs of slowdown, particularly with a slowing of total net revenue and subscriber growth, which was below what analysts estimated. There was a significant decrease in streaming unit player sales, as well, due to numerous challenges.
With only 1.1 million incremental active accounts added, Roku’s subscriber total was 61.3 million in Q1. This was slightly less than analysts expectations of 61.8 million. For context, at the end of 2021, Roku surpassed 60 million accounts, an increase of 3.7 million for Q4.
Roku reported significantly decelerated total net revenue growth of 28% in Q1 to $737.7 million. In the first quarter of 2021, the company reported a revenue growth of 79%.
In addition, Roku reported a 12% year-over-year decrease in streaming unit player sales. The company explained this was because COVID-19 distorted business patterns, as well as the ongoing supply chain crisis and in …
