The market is finally getting excited about Roku (ROKU 2.48%) stock again. The streaming company has been putting up some strong numbers, and trends are working in its favor.
Roku (ROKU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Like much of the streaming sector, Roku (ROKU -4.77%) stock surged during the pandemic.
You've certainly heard of Roku (ROKU -4.77%). You may even know it's the leader of the United States' connected TV/streaming device market.
Media-streaming technology expert Roku (ROKU -0.02%) is doing well lately. As of February 25, the stock has gained 23% over the last six months thanks to a couple of tremendous earnings reports.
Roku (ROKU -0.22%) blew away Wall Street expectations when it revealed its financial results for the fourth quarter of 2024 (ended Dec. 31). Revenue increased 22% year over year to $1.2 billion.
Roku (ROKU -4.24%) recently reported financial results for the three-month period that ended Dec. 31, 2024. Revenue increased 22% year over year to $1.2 billion.
After peaking in 2021 when its shares traded above $470, Roku (ROKU -4.24%) has struggled the past few years, as streaming platform customers turned their focus more toward profitability and away from rapid customer acquisition.
The market was finally happy with Roku's (ROKU -3.54%) performance in the 2024 fourth quarter, and Roku stock is up 33% so far in 2025. Smart investors bought when it was on the outs with the market and are now benefiting from having confidence in this top company.
Roku (ROKU -3.54%) may finally be on track for a comeback.
Roku achieved over $1.0B in platform revenue in Q4'24, with 25% year-over-year growth and narrowing losses. Roku beat Q4'24 estimates with strong active account growth (+12% Y/Y) and ARPU improvement (+4%), despite ongoing operational losses. For the first time in the company's history, platform revenue exceeded $1.0B.
Roku breaks $1 billion in platform revenues. With expanding margins, a growing user base, and a clear path to profitability in 2026, investors should tune in now.