Reported about 24 hours ago
Roku's stock fell by 19% in 2024 as the market reacted to heightened competition, particularly after Walmart's acquisition of rival Vizio, and ongoing financial losses. Although Roku remains the leading streaming platform in the U.S., Canada, and Mexico, and shows promising growth in advertising revenue, it reported a net loss of $94 million in the first nine months of 2024. Despite positive trends like improving adjusted earnings and proactive measures in international expansion and advertising strategies, investor concerns about profitability continue to loom.
Source: YAHOO