Advertisement
Singapore markets close in 6 hours 14 minutes
  • Straits Times Index

    3,292.66
    +4.91 (+0.15%)
     
  • Nikkei

    37,786.39
    +157.91 (+0.42%)
     
  • Hang Seng

    17,536.09
    +251.55 (+1.46%)
     
  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     
  • Bitcoin USD

    64,437.27
    +221.01 (+0.34%)
     
  • CMC Crypto 200

    1,392.22
    +9.65 (+0.70%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • Dow

    38,085.80
    -375.12 (-0.98%)
     
  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     
  • Gold

    2,346.50
    +4.00 (+0.17%)
     
  • Crude Oil

    83.86
    +0.29 (+0.35%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • FTSE Bursa Malaysia

    1,572.26
    +3.01 (+0.19%)
     
  • Jakarta Composite Index

    7,117.70
    -37.59 (-0.53%)
     
  • PSE Index

    6,554.82
    -20.06 (-0.31%)
     

Bad News for Comcast Could Be Good News for Roku

Bad News for Comcast Could Be Good News for Roku

If you think the cord-cutting movement has made it tough to be a Comcast (NASDAQ: CMCSA) shareholder in recent years, just wait -- the next few years could be even tougher. Conversely, shares of streaming middleman Roku (NASDAQ: ROKU) may be on course to reverse the 90% pullback they've taken since peaking in mid-2021. The market research outfit forecasts that the revenue collected by free ad-supported streaming TV (FAST) players like Roku will eclipse that of conventional cable platforms as soon as 2025.