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Consumers who were stuck at home turned to video entertainment, and Roku (NASDAQ: ROKU) was a huge beneficiary, as its stock soared 148% in 2020. There's no denying that Roku's operations faced a serious slowdown in 2022, with revenue rising 13% year over year, a big decline from 55% growth in 2021. Management cited the weaker macro environment, which not only reduced Roku's hardware sales, but also hurt the ad market.
Roku (NASDAQ: ROKU), Walt Disney (NYSE: DIS), and Netflix (NASDAQ: NFLX) are like the Three Musketeers of the streaming world, and they're back on sale. With these stocks trading at prices that are almost as juicy as last summer's serving of "Stranger Things," it's time for investors to take notice. First up, we've got Netflix, the OG of the streaming world.
The vibe at the annual SXSW festival turned weird as a banking crisis unfolded. But weird is on par for Austin, Texas — so the show goes on.