Streaming pioneer Roku, Inc. (NASDAQ: ROKU) manufactures numerous types of digital media players for video streaming. Additionally, the company has an advertising business and licensing arrangements with other companies for its hardware and software. Streamers have benefitted from pandemic-induced restrictions that drove people indoors. This resulted in elevated viewership and new subscribers. eMarketer projects digital advertising in the U.S. to be growing by more than $5 billion annually. Notably, connected TVs (CTV) provides Roku with ad inventory, and the fastest-growing segment of digital advertising is ads served to CTV. Shares of Roku have skyrocketed almost 165% over the past year. According to eMarketer, CTV advertising revenue in the U.S.
https://www.tipranks.com/news/article/roku-to-be-a-long-term-winner-on-dataxu-acquisition
Roku (NASDAQ:ROKU)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Roku Charts.
Roku (NASDAQ:ROKU)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Roku Charts.