3 Reasons Roku's Revenue Will Continue Accelerating
Roku (NASDAQ: ROKU) saw revenue grow a whopping 73% year over year in the third quarter of 2020, a stark acceleration from the second quarter when the COVID-19 pandemic hurt ad sales for its platform business. Roku's platform business accounted for over 70% of its revenue in the third quarter, and it'll account for the bulk of Roku's revenue growth going forward.
Investors should expect its platform business' revenue acceleration to continue because of the following three factors: ad spend shifting to streaming, Roku's growing ad inventory, and progress in its international expansion plans.
Image source: Roku.
Source Fool.com
