Does This Change Anything For Roku Stock?
Roku will start building its own TVs while also still partnering up with the likes of Hisense and TCL.
Hardware is a money-losing business so let's see if the platform revenue increases substantially thanks to this move.
We got some positive news as well.
- Roku reached 70 million Active Accounts
- 23.9 billion hours streamed in Q4
- 87.4 billion hours streamed in 2022.
That's a nice increase QOQ as well.
My big question is, can they get expenses under control and work their way back to positive FCF?
What do you think?