Roku Was the Best Performing Tech Stock of 2019




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roku ultraRoku had a really great 2019 if you look at the stock market. According to a report from CNBC, Roku’s stock went up 355% in 2019 and was the best performing tech stock of 2019. This comes as Roku has continued to see strong growth with Roku TVs and Roku players.

In the third quarter of 2019 (the most recent quarter we have numbers for) Roku saw revenue from ads and subscriptions jump 112.2 million up 59% over the same period 2018. This is compared to revenue from streaming player sales that was just 6.2 million. Roku also reported that they now have 32.3 million active accounts.

Numbers like the ones above have been driving Roku’s stock up. Roku has also seen a strong jump from adding support for Disney+ and the addition of the Apple TV Roku Channel. Roku also announced a new partnership with Walmart in 2019 that saw Walmart’s Onn brand sell Roku-powered speakers and smart TVs.

Roku has seen its partnerships to sell subscriptions through the Roku Channel in 2019 grow. Now Roku makes most of its money from ads and selling subscriptions.

Roku still has an uphill fight as competition for smart TVs and streaming players is growing. Roku is also trying to expand outside of the United States. In 2019, Roku expanded into Central and South America. Roku TVs expanded into Canada and Europe. Now the question is can Roku manage this growth as the company competes with far larger companies like Amazon and Samsung.

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