Valued at $9.9 billion by market cap, Roku Inc. (ROKU) is a digital streaming service provider that serves its users in two categories: Platform and Devices. It allows its users to subscribe to various platforms such as Amazon (AMZN) Prime Video, Netflix (NFLX), YouTube, Hulu, Discovery+, Max, Paramount+, and Peacock. Under its Devices category, Roku markets products and accessories such as TVs, remotes, cables, stands, headphones, mounts, power adaptors, and more.
Established in 2002, the company has over 80 million streaming households and is regarded as the top streaming operator in the U.S. It's also a longtime holding of maverick investor Cathie Wood, head of Ark Invest. ROKU is the No. 3 holding in Wood's flagship Ark Innovation Fund (ARKK), right behind Tesla (TSLA) and Coinbase (COIN). Currently, ARKK holds a $552M stake in Roku, and the stock accounts for 8.67% of the fund's weight.
