Consumers Are Flocking to Roku's Platform
This is the "Streaming Decade," Roku (NASDAQ: ROKU) CEO Anthony Wood has said. The world is moving to streaming as consumers cut out traditional pay TV, with eMarketer estimating that less than half of U.S. households will subscribe to traditional pay-TV services by the end of 2024. As the leading streaming-TV platform, Roku is obviously well positioned to benefit.
The massive tailwinds behind streaming TV, combined with Roku's strong positioning in the nascent category, continued to fuel the tech company's business in Q4. On Wednesday morning, Roku announced record active accounts and an acceleration in streaming hours on its platform for the final quarter of 2020.
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Source Fool.com
