A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Brendan McDermid | Reuters
Roku shares popped more than 11% in pre-market trading Friday after reporting earnings that showed advertisers are increasingly moving money into streaming TV.
The company reported its highest quarterly revenue growth rate since going public with a 79% gain to $574 million in the quarter. Platform revenue in particular, which includes advertising, was $466.5 million, up 101% year-over-year. Meanwhile, active accounts grew 2.4 million from the fourth quarter of 2020 to reach 53.6 million.
Roku has been making a number of strategic moves in the…