Roku ( NASDAQ:ROKU ) owners lost ground to the market early Monday, as Roku Stock ( NASDAQ:ROKU ) fell 3% at 11:15 a.m. ET, compared to the S&P 500’s 0.7% loss. This loss extended the streaming video platform’s lengthy run of losses, which dropped more than 75% in 2022.
It happened as investors were concerned about possible negative news in the streaming business.
Market Analysis of Roku Stock
In just a few days, on Oct. 18, Netflix is ready to release its third-quarter earnings . That study poses a few concerns for Roku stock ( NASDAQ:ROKU ), the most significant of which is the possibility that the streaming video leader would offer a gloomy short-term forecast. Netflix Co-CEO Reed Hastings and his team forecasted in July that Netflix would resume customer growth in the current quarter. However, inflation further strained consumers’ budgets throughout the decade.
Roku is also aggressively entering the advertising market, and its unique worldwide user base may entice a few large advertisers away from Roku. We’ll receive a vital update on that strategic effort during Netflix’s earnings call. These issues, and fears about slowing growth and net losses, have weighed on the stock.
So, What Now?
Investors will not have to wait long for further information about the company. Following Netflix’s earnings report in mid-October, Roku will likely release its own numbers in early November. This report will reveal if management was successful in halting the company’s path...
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