Competitive RisksThe increasing importance of the streaming aggregator position is attracting significant competition from massive players like Amazon and Google, who can subsidize their streaming business.
Disclosure ChangesRoku will no longer be disclosing net new streaming accounts starting in 1Q‘25, which is usually a negative signal around future growth.
Revenue Growth ConcernsThe removal of language around accelerating growth in '25 was disappointing, leading to expectations of the stock remaining under pressure.