Roku added two million streaming households in the second quarter, reaching 83.6 million, and continued recent strength in several key financial areas.

Platform revenue, a broad category including advertising climbed 11% from the year-ago period to hit $824.3 million, pacing total revenue to $968.2 million, well ahead of Wall Street estimates for $937.89 million.

Net losses in the quarter came in at 24 cents, far less than the Street expectation for 43 cents and well below the 76 cents posted in the year-ago period.

Roku users around the world streamed 30.1 billion hours in the quarter, up 20% over the 2023 frame.

The company said it had its fourth straight quarter of positive adjusted EBITDA and free cash flow, which its quarterly letter to shareholders attributed to “top-line growth and ongoing operational efficiencies.”

Shares in Roku, which have fallen almost 50% in 2024 to date, jumped almost 7% on the earnings report during after-hours trading.

MORE to come …