Roku reported better-than-expected results

In August 2020, Roku reported better-than-expected results then saw its stock drop on cautions about lack of exposure into advertising over the rest of the year. Roku CEO Anthony Wood composing in his letter to investors, “The ad industry outlook remains unpredictable for Q3 and Q4, and we think that total TV ad spend will not recover to pre-covid levels till well into 2021.”