Down 65%, Is Roku Stock a Buy?

Down 65%, Is Roku Stock a Buy?

Roku's (NASDAQ: ROKU) second-quarter earnings report reflects ongoing challenges with the slowdown in the advertising market, but there were plenty of bright spots. Active accounts grew 14% year over year, and the increase in total streaming hours on the platform grew to 19% year over year. While revenue growth is decelerating rapidly due to weakness in advertising, Roku still posted a respectable 28% increase in total revenue year over year.