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Roku is losing money and spending is still spiraling out of control.
Roku's (ROKU -1.39%) earnings report left a lot to be desired for the streaming company. Revenue per user is falling despite a big jump in usage, and it seems there's little traction in the advertising business. Travis Hoium highlights why the results were concerning in the video below.
*Stock prices used were end-of-day prices of April 28, 2023. The video was published on April 30, 2023.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roku. The Motley Fool has a disclosure policy.
Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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