NasdaqGS:ROKUEntertainment
Roku Returns To Profitability Raising Questions On Valuation And Earnings Durability
Roku, Inc. (NasdaqGS:ROKU) reports its first fully profitable year since 2021.
Management cites digital advertising investments and cost-cutting efforts as key drivers of the return to profitability.
The move back to the black follows several challenging years for the business.
Roku runs a TV streaming platform that connects viewers, content owners, and advertisers, with revenue tied closely to advertising and platform services. After a stretch of tougher operating conditions, the company...