2 Factors That Could Lead Roku to Bigger Profits in 2023
's (NASDAQ: ROKU) operating losses ballooned last year amid a pullback in advertising spending, but the first quarter showed some promising signs for the connected-TV leader.
A couple of key operating metrics showed that Roku is still making progress in growing the size of its audience. Active accounts climbed 17% year over year to 71.6 million, and streaming hours grew even faster at 20%. In other words, more people are streaming more content on Roku devices.
That said, Roku's sluggish revenue growth has led to EBITDA losses. But a couple of factors should lead to improvements in Roku's bottom line this year as it aims to return to positive EBITDA by 2024.
Source Fool.com
Roku Stock
€57.49
0.240%
Our community is currently high on Roku with 29 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 61.77% compared to the current price of 57.49 € for Roku.
Comments
According to the announced financial report, the percentage of companies experiencing losses in 2023 is increasing. The economy is in trouble. However, territorial io is trending up.
