Roku Earnings Preview: What Investors Will Be Watching
The pandemic is causing people to shift their entertainment habits. The list of activities people can safely engage in for entertainment has dwindled from multitudinous to mostly those that can be done at home. Streaming content providers are benefiting from limited options and Roku (NASDAQ: ROKU) is one of the prime beneficiaries of that trend. Even after recent declines as part of the stock market sell-off at the end of October, the stock is up over 60% year to date.
The company might report another quarter of fantastic results when it releases its quarterly financial statements on Nov. 5. Investors will be looking to see if the company is continuing to thrive as people stream more content. The answer may not be as straightforward as it may appear.
Roku is gaining millions of new accounts. Image source: Getty Images.
Source Fool.com
