Few companies benefited from the pandemic more than Roku(NASDAQ: ROKU), as shelter-in-place statewide orders helped accelerate key trends driving Roku's growth. However, the stock has performed terribly over the last year. Once the economy started recovering from COVID-19, people began finding other activities besides watching TV.  Has Roku's long-term growth story run out of gas? Here are three reasons why investors should still consider Roku an excellent long-term investment.

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According to market research firm eMarketer, U.S. pay TV penetration will drop below 50% by 2023 to reach 42.6% by 2026, which translates to several million viewers cutting the cord from cable TV and satellite providers each year.

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Source Fool.com