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This 1 Statistic Impresses Me Most From Roku

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This 1 Statistic Impresses Me Most From RokuPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

Roku (NASDAQ: ROKU) updated investors on how fiscal 2022 is turning out. The streaming player and software platform company released first-quarter earnings after the markets closed on April 28. There were several exciting figures to digest in the report, but one stood out above all others.

In the shareholder letter that accompanied the release, Roku said, "In Q1, the top 10 broadcast TV advertisers increased spend on Roku nearly 80% year over year, while spending 7% less on legacy pay TV."

Let's dive into why that impressed me and look at other key figures from the Q1 earnings report.

Source Fool.com

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