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In recent years, the streaming industry has undergone a significant transformation. Platforms such as Netflix (NFLX), Disney (DIS), Amazon (AMZN) and Apple (AAPL) are fighting for subscribers in an increasingly crowded market.
In this environment, Roku (ROKU), a company that does not create content but rather provides a platform for its distribution and monetization, finds itself at the center of the streaming wars. Roku stock is up 28% year to date, outperforming the broader market’s 9.9% gain.