Roku (NASDAQ: ROKU) was outpacing the market early Tuesday, with shares up by 5% as of 11 a.m. ET compared to a 1% boost in the S&P 500. In a press release, Roku revealed that it is launching its premium streaming player, called Ultra, in the Canadian market.
TORONTO, September 27, 2022--Today, Roku, Inc. unveiled that its most powerful streaming player, Roku Ultra, is launching in Canada. Roku Ultra has a lightning-fast interface, Roku’s best Wi-Fi®, Dolby Vision®, Dolby Atmos®, HDR10+ compatibility, and channels that launch in a snap. Roku Ultra also includes the Roku Voice Remote Pro, which features hands-free voice controls, a rechargeable battery, a lost remote finder feature, and more.
With that in mind, let's compare two of the industry's leaders, Netflix (NASDAQ: NFLX) and Roku (NASDAQ: ROKU), to see which one looks more attractive today. Netflix just posted two consecutive quarters of subscriber losses for the first time in its history, and revenue growth trends are falling to below 5%. Roku is seeing faster sales gains but a similarly weak trajectory.