Consumers who were stuck at home turned to video entertainment, and Roku (NASDAQ: ROKU) was a huge beneficiary, as its stock soared 148% in 2020. There's no denying that Roku's operations faced a serious slowdown in 2022, with revenue rising 13% year over year, a big decline from 55% growth in 2021. Management cited the weaker macro environment, which not only reduced Roku's hardware sales, but also hurt the ad market. Read More...
Consumers who were stuck at home turned to video entertainment, and Roku (NASDAQ: ROKU) was a huge beneficiary, as its stock soared 148% in 2020. There’s no denying that Roku’s operations faced a serious slowdown in 2022, with revenue rising 13% year over year, a big decline from 55% growth in 2021. Management cited the weaker macro environment, which not only reduced Roku’s hardware sales, but also hurt the ad market.
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