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1 Big Reason Roku's Stock Dropped Immediately After Earnings, and 2 Reasons It's a Long-Term Buy

TheMotleyFool

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1 Big Reason Roku's Stock Dropped Immediately After Earnings, and 2 Reasons It's a Long-Term Buy: https://g.foolcdn.com/editorial/images/708753/gettyimages-1412871535.jpg

When streaming media giant Roku (NASDAQ: ROKU) delivered its third-quarter results on Nov. 2, the report looked good on the surface. It beat on the top and bottom lines. Yet the stock opened the next day's trading session down 18%.

There was one big reason the stock dropped after the report, but I see two reasons why it's still a long-term buy.

Roku generates most of its revenue through its connected TV (CTV) ad platform, which assists brands and marketers in buying ad slots from networks and other content distributors.

Source Fool.com

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