Is Roku Stock a No-Brainer Buy Despite Rapid Growth?
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BTCCSquare news:
Roku, the San Jose-based streaming platform spun out from Netflix in 2007, has become a dominant force in the streaming wars. Under founder Anthony Wood, the company has grown trailing-12-month revenue by 1,300% since its 2017 IPO, now exceeding $4 billion annually.
Recent Nielsen data shows Roku surpassing broadcast TV in viewership during summer 2023, with 125 million daily users streaming over 35 billion hours of content. Yet questions remain about whether growth alone justifies investment, as the company faces intensifying competition in the crowded streaming hardware and platform space.
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