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Why did Roku's stock crash despite strong earnings? Flimsy reasons behind the price drop could amount to a buying opportunity.
Roku (NASDAQ: ROKU) stock dropped 18% in 2024 according to data provided by S&P Global Market Intelligence. Roku is the top U.S. streaming platform. More people buy and use its streaming devices ...
Weakness in the streaming sector weighed on Roku. For premium support please call: 800-290-4726 more ways to reach us
Roku announced its first branded smart TV and it was released in late 2014. These TVs are manufactured by companies like TCL, LG, Westinghouse and Hisense, and use the Roku user interface as the "brain" of the TV. Roku TVs are updated just like the streaming devices. [77]
The Roku OS is an operating system software developed by Roku Inc. It has powered consumer electronics products such as Roku-branded streaming players and TVs since 2004. The Roku OS is the most popular TV operating system in the U.S., reaching an estimated 90 million households as of 2025.
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The Roku Channel was launched in September 2017 as a free, ad-supported streaming television service ("FAST"), [1] [13] available to viewers in the U.S. [14] Roku's CEO Anthony Wood stated in the same month that the channel was a "way for content owners to publish their content on Roku without writing an app". [15]
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