Roku Expects to Sustain Robust Revenue Growth

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Roku Inc. said it expected revenue to increase 42% in 2020 after posting 52% growth last year, fueled in part by an explosion of new streaming services and the transition of customers from traditional pay TV to streaming video.

The Los Gatos, Calif.-based maker of streaming-media devices expects to generate $1.6 billion in revenue this year, up from $1.13 billion last year, the company said Thursday.

“2019…

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