Roku CEO Warns Investors of an Abnormal Holiday Season. Is the Stock Still a Buy?
Shares of streaming TV platform company Roku (NASDAQ: ROKU) are down more than 70% in 2022 as of this writing. And taking the words of founder and CEO Anthony Wood at face value suggests the rest of the year could be difficult as well.
In the conference call to discuss financial results for the third quarter of 2022, Wood said, "In Q3, advertisers pulled back on spending, consumers were further pressured by inflation, and overall economic uncertainty remained high. We expect these conditions will continue and are likely to worsen in [the fourth quarter]."
Here's why some investors may believe Roku is a contrarian stock to buy. But there are also a couple of long-term risks to be aware of today.
Source Fool.com
