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Technology Stocks : Roku
ROKU 115.82-3.0%1:05 PM EST

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From: zax8/28/2019 9:32:40 AM
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Roku growing at a faster pace than Netflix did at the same point: Analyst

Netflix ( NFLX) is one of the street’s most touted growth stories, but another streaming player is growing at a faster rate than Netflix did at a similar stage in the company’s life: Roku ( ROKU).

That’s according to William Blair Analyst Ralph Schackart, who in a note to investors said he expects Roku will reach 80 million active accounts by 2025, bringing in annual revenue of $4.5 billion, 89% of which will be domestic dollars.

“Roku’s active account growth is tracking ahead of Netflix at parallel stages,” Schackart said. “Looking at Roku’s most recent nine quarters against those of Netflix in the beginning stages of Phase II, Roku, on average, achieved 9% quarter-over-quarter growth, compared with Netflix’s average of 8%.”

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