Roku Stock Has a Lot to Prove This Week
Roku is set to announce its second-quarter results, with analysts predicting a 21% revenue increase to $937.6 million. Despite a strong performance in 2023, the stock has faced volatility, dropping 36% in 2024. Investors are concerned about ongoing losses, with a projected $65 million deficit. Roku's user base has grown to 81.6 million households, but average revenue per user remains flat. Competitive pressures, particularly from Walmart's acquisition of Vizio, add to the uncertainty surrounding Roku's future performance.
The Motley Fool