2024-02-12 00:31:53 ET
Summary
- Roku dominates the connected TV market with a 53% US market share of connected TV devices.
- Roku's flywheel effect creates positive feedback loops among users, content providers, advertisers, and device manufacturers, giving it a competitive advantage.
- Roku's streaming hours have reached a critical mass, leading to a positive revenue trend and potential for further growth.
Thesis
The traditional TV industry is dominated by few companies like Comcast, Disney and Paramount that own the entire value chain, from production to distribution to exhibition. These media giants control a large share of the traditional media market and their vertically integrated business models gives them a huge competitive advantage over their smaller rivals....
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For further details see:
Roku: The Vertically Integrated Streaming Company