Media-streaming technology expert Roku (ROKU -0.02%) is doing well lately. As of February 25, the stock has gained 23% over the last six months thanks to a couple of tremendous earnings reports.
Roku (ROKU -0.22%) blew away Wall Street expectations when it revealed its financial results for the fourth quarter of 2024 (ended Dec. 31). Revenue increased 22% year over year to $1.2 billion.
The stock market has had a great run the past few years. The S&P 500 index is sitting close to new highs, but some stocks that were beaten down in the 2022 market correction are just starting to rebound.
Roku (ROKU -4.24%) recently reported financial results for the three-month period that ended Dec. 31, 2024. Revenue increased 22% year over year to $1.2 billion.
After peaking in 2021 when its shares traded above $470, Roku (ROKU -4.24%) has struggled the past few years, as streaming platform customers turned their focus more toward profitability and away from rapid customer acquisition.
The market was finally happy with Roku's (ROKU -3.54%) performance in the 2024 fourth quarter, and Roku stock is up 33% so far in 2025. Smart investors bought when it was on the outs with the market and are now benefiting from having confidence in this top company.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.