: Roku stock heads higher after company discloses upbeat engagement metric

Roku Inc. ROKU shares were ahead 2% in premarket trading after the company disclosed that it now has over 70 million active accounts. Additionally, the streaming company said that users spent 23.9 billion hours streaming Roku content during the fourth quarter. Analysts tracked by FactSet were expecting streaming hours of 22.6 billion. Earlier this week, Roku announced plans to start selling its own television sets. Shares of Roku are off nearly 80% over the past 12 months as the S&P 500 is off 18%.

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