Fat Baby Funds's avatar
$38.4m follower assets
This $ROKU earnings report really isn’t the train wreck a lot of people made it out to be.
Steve Matt's avatar
I agree. I wrote this on Reddit a few minutes ago:
I know all the hubbub around Roku but they're now trading at a P/S of ~3, the lowest it has ever been. Their advertising segment has obviously slowed but it's still grown 46% on a TTM basis against peak COVID comps. Their active accounts and streaming hours are each up only 17% YoY but ARPU is up 36% so management does seem good as monetizing users. I'm not saying I'm buying but I'm definitely keeping an eye on it.

Edit: 15% and 19% respectively on active accounts and streaming hours and 21% on ARPU. Had a formula error.
Neil's avatar
A lot of people talk about companies they know nothing off and base most of their views on the stock price.
Jeff Sanders's avatar
I’ve read worse. This is an expected slow-down across ad tech in general. Partly why I just sold out of $TTD today.
Conor Mac's avatar
What particularly do you think was not as bad as people said it was?
Fat Baby Funds's avatar
@investmenttalk for a long term investor, the core business is healthy (active accounts, streaming hours, TRC, etc…).

Def not a good financial quarter (advertising got hit hard), but a look behind the long term drivers show a different story.
Conor Mac's avatar
@fatbaby appreciate it 🫡