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Roku's Dominance in Connected TV Advertising Is Growing
Roku (NASDAQ:ROKU) has seen its advertising business gain considerable strength over the last couple of years. Its platform business has generated over $630 million in revenue over the trailing 12 months, and it grew 79% year over year last quarter. Management has said that advertising accounts for as much as 75% of its platform revenue in some quarters. This year, Roku will generate about $600 million in ad revenue, according to an estimate from RBC Capital's Mark Mahaney.
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https://www.fool.com/investing/2019/12/1...owing.aspx
Roku (NASDAQ:ROKU) has seen its advertising business gain considerable strength over the last couple of years. Its platform business has generated over $630 million in revenue over the trailing 12 months, and it grew 79% year over year last quarter. Management has said that advertising accounts for as much as 75% of its platform revenue in some quarters. This year, Roku will generate about $600 million in ad revenue, according to an estimate from RBC Capital's Mark Mahaney.
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https://www.fool.com/investing/2019/12/1...owing.aspx
