Roku (NASDAQ: ROKU) and Facebook (NASDAQ: FB) have both generated big returns for investors since their public debuts. Roku went public at $14 a share in 2017, closed at $23.50 the first day, and is now worth nearly $430 per share. Facebook went public at $38 a share in 2012, barely budged on the first day, but eventually surged to about $270 per share.
Roku clearly delivered bigger gains within a shorter time frame than Facebook, but is it the better long-term investment? Let's take a fresh look at both companies to find out.
Roku generated 71% of its revenue from its software platform, which hosts online ads and content distribution partnerships, in the first nine months of 2020. Roku's software runs on its own streaming devices, set-top boxes from internet providers, and licensed smart TVs from hardware partners.
Source Fool.com