Roku, Inc. (ROKU) operates a TV streaming platform. The company functions through two operational segments: Platform and Player. The stock has declined 64% year-to-date and 79.6% over the past year to close its last trading session at $82.26.
Rising concerns over declining discretionary consumer spending amid multi-decade high inflation and increasing competition have weighed on ROKU. Lower demand from consumers and advertisers significantly affected the company’s financials this year.
