{"id":42543,"date":"2023-07-31T08:55:23","date_gmt":"2023-07-31T12:55:23","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/is-roku-stock-a-buy-following-strong-q2-results\/"},"modified":"2023-07-31T08:55:25","modified_gmt":"2023-07-31T12:55:25","slug":"is-roku-stock-a-buy-following-strong-q2-results","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42543","title":{"rendered":"Is Roku Stock A Buy Following Strong Q2 Results?"},"content":{"rendered":"<div>\n<p><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/ROKU\">Roku<\/strong> published its Q2 2023 results on Thursday, beating estimates on key metrics including subscriber additions and overall revenue growth, taking the stock up by about 8% in after-hours trading on Thursday. While revenues rose by 11% year-over-year to $847 million, net losses stood at a narrower-than-expected $0.76 per share.<\/p>\n<p>The advertising market has been facing headwinds as concerns about inflation and slowing consumer spending hurt spending by marketers on TV advertising. However, Roku managed to grow revenue for its platform business &#8211; which sells ads and content &#8211; by 11%, driven by a 16% year-over-year increase in active users. This helped to more than offset a 7% decline in average revenue per subscriber.<\/p>\n<p>Roku\u2019s elevated operating expenses have been a problem of late primarily due to high sales and marketing costs. However, over Q2, the company made progress with scaling back costs, with total operating expenses rising by just about 8%, down from an increase of 42% in Q1. Expenses also declined on a sequential basis.<\/p>\n<p>Roku stock now remains up by close to 82% ytd based on the after-market price, trading at about $74 per share. So are more gains in the cards for Roku? There\u2019s probably a bit more room for upside in the stock. Although the ad market has seen challenges of late, things could improve as inflation eases. Moreover, the secular trend of ad dollars shifting away from linear television to digital video formats is likely to benefit Roku. The company\u2019s revenue guidance for Q3 was also a bit better than expected. Roku is also better managing its costs, guiding that year-over-year growth rates for operating expenses are likely to be lower in Q3 than Q2. We value Roku stock at about $80, which is about 10% ahead of the current market price. See our analysis on <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/ROKU\/no-login-required\/ES8XDjb2\/Roku-ROKU-Valuation-Is-ROKU-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230731\">Roku Valuation<\/strong>: <strong>Expensive or Cheap<\/strong> for more details on what\u2019s driving our price estimate for Roku. Our analysis of <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/ROKU\/no-login-required\/dy8sWLrY\/Roku-Revenues-How-Does-ROKU-Make-Money-?fromforbesandarticle=trefis230731\">Roku Revenue<\/strong> has more details on the company\u2019s business model and key revenue streams.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>What if you\u2019re looking for a portfolio that aims for long-term growth? Here\u2019s a <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/wx9hwxU6\/Value-Portfolio-with-407-Return-Since-2016-vs-100-for-S-P-500?fromforbesandarticle=trefis230731\">value portfolio<\/strong> that\u2019s done much better than the market since 2016.<\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/07\/31\/is-roku-stock-a-buy-following-strong-q2-results\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roku published its Q2 2023 results on Thursday, beating estimates on key metrics including subscriber additions and overall revenue growth, taking the stock up by about 8% in after-hours trading on Thursday. While revenues rose by 11% year-over-year to $847 million, net losses stood at a narrower-than-expected $0.76 per share. The advertising market has been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-42543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Roku Stock A Buy Following Strong Q2 Results? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Roku published its Q2 2023 results on Thursday, beating estimates on key metrics including subscriber additions and overall revenue growth, taking the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=42543\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Roku Stock A Buy Following Strong Q2 Results? 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