Roku Just Hit a Huge Milestone. Is the Streaming Stock Finally a Buy?

Roku (NASDAQ: ROKU) stock has struggled since the pandemic as the brief surge in demand for streaming proved to be more of a curse than a blessing for the leading streaming distribution platform.The company ramped up spending and hiring before the pandemic ended, and has been trying to rightsize and streamline the business since then. That process took a big step forward on Thursday after the company reported an operating profit ahead of schedule and for the first time since 2021. On a generally accepted accounting principles (GAAP) basis, the company reported an operating profit of $9.5 million, compared to a loss of $35.8 million in the quarter a year ago. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool