2. Roku: 29% lower Roku, another Ark Invest favorite, surged last year. This is the fund manager's fourth-largest position. The streaming platform giant is expanding its audience and engagement, but its competitors are hungry and Roku's return to profitability may be delayed.
Over the past year, Roku's operating system has grown 14% to 80 million active accounts. It still loses money, and its fourth-quarter average revenue per user dropped sequentially.
Roku's activities prioritize a return to profitability, even though analysts don't expect it until 2027. Wood waits. She watches, holding the remote, as she buys more volatile streaming stock.
3. Roblox: 20% lower Ark's tenth-largest position is Roblox. Online gaming platform maker didn't double in value like Tesla and Roku last year, but its 61% growth in 2023 beat market standards. However, 2024 saw a retreat.
Roblox shares rose after better-than-expected fourth-quarter results, unlike Tesla and Roku. The quarter saw 30% and 25% increases in revenue and bookings,
respectively, accelerating from the first half. The 2024 top-line guidance was likewise promising. However, its loss estimates are growing.
Since a sequential drop in the second quarter last year, its daily active users have recovered. Upticks are likely if the game platform's popularity grows. Wood seemed to agree, as she increased her firm interest on Monday.
Since a sequential drop in the second quarter last year, its daily active users have recovered. Upticks are likely if the game platform's popularity grows. Wood seemed to agree, as she increased her firm interest on Monday.
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