Is Roku Stock Still a Good Long-Term Investment?

Yes, Roku stock (ROKU) is still a good long-term investment and here’s why:

Roku, Inc. offers access to streaming media content from various online services. Founded in 2002, their mission is to be the TV streaming platform that connects the entire TV ecosystem around the world. Roku operates in two segments: Platform and Player. In this way, the company connects users to the streaming content they love, and enables content publishers to build and monetize large audiences and provide advertisers with unique capabilities to engage consumers. Today, Roku streaming devices are used by millions of consumers in North America, Latin America and in parts of Europe including the UK, Ireland, and France. The company also manufactures its own TVs and owns and operates its own streaming channel, The Roku Channel.

Roku reported outstanding 2020 Q4 earnings on Thursday, February 18th, 2021. The company posted Q4 earnings of $649.9 million, up 58% year over year. Driving Roku’s topline growth was its platform business, which increased revenue 81% during the quarter to $471.2 million. Roku also said it ended 2020 with 51.2 Million subscribers, up 39% year over year.

I suspect Roku’s subscriber base and earrings to continue to rise over the next year.

Roku, Inc. (ROKU) 5 Year Chart