Company Of The Day: Roku
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?
- Down 37% This Year, Will Roku Stock Recover Following Q1 Results?
- Roku Stock Gained 56% Over The Last Three Months, Will It Rise Further Following Q4 Results?
- Up 40% Over The Last Week, Will Roku Stock Continue Its Strong Run?
- Roku Stock Up 50% This Year, Will It Rise Further Following Q3 Results?
- Will Cost Cuts, Improving Growth Continue To Power The Roku Stock Rally?
- Is Roku Stock A Buy Following Strong Q2 Results?
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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