3 Catalysts for Roku Stock
2019 was an incredible year for streaming-TV platform specialist Roku (NASDAQ: ROKU). The company's revenue soared 52% year over year and gross profit surged 49% over the same timeframe. This was all fueled by the addition of 9.8 million active accounts, a 68% jump in streaming hours, and a 29% increase in average revenue per user. Investors have applauded the momentum, bidding shares more than 20% higher over the past year -- a period in which the S&P 500 rose only 3%.
While it's tempting to think that Roku's best growth may now be behind it, this is unlikely. The secular tailwinds and business momentum powering the tech company higher are as strong as ever. Indeed, these are arguably still early days for Roku.
Here are three key drivers for Roku's business that could help the company's strong growth persist for years to come.
Source Fool.com
