Company Of The Day: Roku

by Trefis Team
-3.97%
Downside
468
Market
450
Trefis
ROKU
Roku
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What?

Roku (NASDAQ:ROKU) posted a stronger-than-expected set of Q1 2021 results, with revenues rising 79% year-over-year to $574 million.

Why?

The growth was driven primarily by platform revenue, which doubled year-over-year to $466.5 million.

So What?

The company’s outperformance indicates that its ad business and distribution operations – which it is counting on to drive long-term growth- remain strong. Roku stock is up by almost 2.5x over the last 12 months.

See Our Complete Analysis For Roku

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