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Roku (NASDAQ: ROKU), in particular, was absolutely hammered -- its shares crashed by 82% in 2022. As of this writing on Jan. 23, Roku shares are trading hands at around $55, with a price-to-sales multiple of 2.4. In comparison, the Nasdaq Composite index's average annual return was 13.7% over the past 10 years.
If you sold Roku (NASDAQ: ROKU) stock last year, you're not alone. After a boom during the pandemic, the stock crashed as revenue growth slowed significantly through 2022, and profits turned into losses after the company stepped up investments in its growth. The company just crossed 70 million active accounts on the platform earlier this month, adding 9.9 million new accounts in 2022, a year when subscriber growth was sluggish at major services like Netflix (NASDAQ: NFLX) and Walt Disney's Disney+.