Roku’s valuation disconnect is wild:
TTD trades at ~9.5x P/S
Roku trades at <2x P/S
Yet Roku is growing faster AND scaling EBITDA more efficiently.
This isn’t a hardware company anymore — it...
Bear case watch:
ARPU growth slowing (6–7%)
FCF down YoY
Monetization still lags engagement
If Roku can’t close that TRC-to-revenue gap, the multiple stays stuck.
But if it does — re-rating potential is huge.
#Investing #Compounders #TechStocks
ARPU growth slowing (6–7%)
FCF down YoY
Monetization still lags engagement
If Roku can’t close that TRC-to-revenue gap, the multiple stays stuck.
But if it does — re-rating potential is huge.
#Investing #Compounders #TechStocks