Lol, Roku is one of the most solidly positioned companies in the streaming market. They aren’t going anywhere. This downturn is because advertising sales are down. It has nothing to do with the software/streaming adoption, which is booming. They beat Wall Street expectations on account growth to reach 65 million. But a their mainline revenue is ads, and those purchases are apparently down as the economy buckles under inflationary pressure. This is an industry wide downturn, and Roku’s losses are smaller than the rest of the tech industry by comparison thanks to that continued account growth.

Only Netflix, Disney, Amazon, and Prime are “ahead” of them on accounts, without the intrinsic hardware advantages that Roku has. They’re getting some sweet ROI when you accidentally press that dedicated Netflix button on your Roku remote...