Roku’s strategy of putting its platform at the forefront of its business appears to be working as platform revenues officially passed device sales during the first quarter.

Roku reported $75 million in platform revenues, up 106% year over year. While the growth is impressive, another contributing factor to Roku’s shifting balance sheet is declining device revenue. For the quarter, Roku totaled up $61.5 million in device revenue, down 3% year over year.

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