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Roku is facing short-term challenges, but it's still posting a competitive performance. It has the highest market share of any streaming operating system and relationships in place that will help it soar in an improved economy.
Roku, Inc. is the clear market leader in smart TV operating systems and continues to grow its user base. As an industry, streaming is taking share of TV from cable and free to air, benefiting Roku.
Sluggish revenue growth and increased spending have resulted in net losses for Roku. But a focus on cost cutting could push operating margins much higher.
Innovation can be the cornerstone of long-term investment success. Roku is leading the charge in the digital streaming revolution, with a content-agnostic platform that's set to benefit from shifting ad spending.
Roku shares are up by around 40% in 2023, but still down nearly 90% from their mid-2021 peak. Roku's audience keeps growing, and engagement with its platform is also on the rise.
Roku's leadership in streaming and the remaining opportunity should allow it to bounce back. Block's two core ecosystems are still going strong and should help it mitigate the threat from its Bitcoin-related business.
Roku's latest financial results showed that net losses are stabilizing. Roku benefits from the growth of streaming, and it should do well once the ad market recovers fully.
Netflix is keeping its leading streaming position, but it's posting mixed results as it fends off challengers. Roku's profitability has plummeted, but it's developing forward-thinking growth strategies.
Roku, Inc. (NASDAQ:ROKU ) 18th Annual Needham Technology & Media Conference May 18, 2023 3:30 PM ET Company Participants Laura Martin - Managing Director, Senior Internet & Media Analyst, Needham & Company Conference Call Participants Conrad Grodd - VP of IR, Roku Steve Louden - CFO Laura Martin Good afternoon. I'm Laura Martin, Senior Media and Internet Analyst.
The stock market has been volatile in 2023, but it is starting to recover. Roblox and Roku are two beaten-down growth stocks that could be good investments.