How Roku Will Profit On the Streaming Wars
Streaming TV platform Roku (NASDAQ: ROKU) reported third-quarter earnings this week, and this November is an important month for video streaming. Apple launched Apple TV+ at the beginning of the month, and Disney's Disney+ will debut in less than a week. Those are two high-profile service launches that Roku hopes to benefit from as an agnostic tech platform. Investors have been trying to figure out how to feel about those services -- shares tanked in September when Apple announced the aggressive price point of just $5 per month for Apple TV+.
During the earnings call, management provided quite a bit of commentary regarding the streaming wars and how the new services will contribute to Roku's business.
The Apple TV app is now available on Roku. Image source: Roku.
Source Fool.com
