Top US streaming OS Roku faces 86% stock price drop, struggles with profitability despite 19% Q1 2024 sales growth.
Roku, the top US streaming OS, faces challenges with stock prices down 86% from highs. Despite strong sales growth (19% in Q1 2024), it's struggling to return to profitability with Wall St predicting a $1.81 loss per share in 2024. The company's dominance in streaming, focus on product development, and potential diversification of product offerings into audio, smart home devices, and TVs offer long-term investment potential.
July 13, 2024
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