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ROKU Stock - Roku Inc.

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ROKU Profile

Roku Inc. logo

Roku, Inc. (ROKU) is an American technology company that specializes in manufacturing digital media products such as streaming devices and smart TVs. Roku is based in San Jose, California, and was founded in 2002 by Anthony Wood. The company went public in 2017 and is traded on the NASDAQ stock exchange under the symbol ROKU.

Roku offers a variety of products that allow users to stream content from a variety of platforms such as Netflix, Amazon Prime Video, and Hulu. The company's products include Roku TV, which is a smart TV with built-in Roku technology, and the Roku streaming stick, which is a small device that can be plugged into a television to access streaming services.

In addition to its hardware products, Roku also offers a platform for content providers to distribute their programming through its operating system. This platform allows users to access thousands of channels of content, including free and paid channels. My personal experience is great with Roku products.

During the COVID-19 pandemic, Roku experienced exceptional performance as the demand for streaming services surged with more people staying at home. The company's user base grew significantly, driven by a rise in subscriptions and increased engagement on its platform. Roku's revenue soared as advertisers shifted their budgets to digital and streaming media, recognizing the platform's growing influence and reach. Additionally, Roku's diverse content offerings and user-friendly interface attracted new users, solidifying its position as a leading player in the streaming industry. This period of growth underscored Roku's adaptability and its pivotal role in the evolving landscape of home entertainment.

Roku has experienced significant growth in recent years due to the increased popularity of streaming services and cord-cutting. The company reported revenue of $1.8 billion in 2020, an increase of 58% from the previous year. As of June 2024, Roku has a market capitalization of approximately $8 billion.

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Stock Sector: Internet: Service Providers


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