There are 61 Million Reasons to Buy Roku Stock. This Number May Be Even More Important
When Roku (NASDAQ: ROKU) announced its first-quarter financial results, investors were astonished to find that the streaming pioneer had added 1.2 million new active accounts, even as industry leader Netflix (NASDAQ: NFLX) lost 200,000.
Roku's management went to great lengths to explain to investors why Roku isn't Netflix and how its viewer base is expanding, even as Netflix's subscriber numbers are contracting. The business models of the two companies are very different.
As a result of a common misconception, investors may be using the wrong metric to gauge Roku's current success.
Source Fool.com
