The State of Roku: Navigating Challenges Amidst Competition
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Roku , the streaming giant, has recently experienced a turbulent ride in the stock market, with shares plunging over 20% in response to concerns about the advertising market and intensified competition from tech giants like Amazon . While the company surpassed expectations in terms of revenue and earnings for Q4 and witnessed significant growth in active accounts and streaming hours, it slightly missed guidance estimates for gross profit in the current quarter.
The State of Roku: Navigating Challenges Amidst Competition
The State of Roku: Navigating Challenges…
The State of Roku: Navigating Challenges Amidst Competition
Roku , the streaming giant, has recently experienced a turbulent ride in the stock market, with shares plunging over 20% in response to concerns about the advertising market and intensified competition from tech giants like Amazon . While the company surpassed expectations in terms of revenue and earnings for Q4 and witnessed significant growth in active accounts and streaming hours, it slightly missed guidance estimates for gross profit in the current quarter.