Since they're a public company we get to see exactly what they spend their money on [0]. Look at Platform Gross Profit vs. Player Gross Profit. It looks like

Since they're a public company we get to see exactly what they spend their money on [0]. Look at Platform Gross Profit vs. Player Gross Profit. It looks like previously they were selling at a loss, and in 2020 they managed to start selling basically at-cost. [0] https://ir.roku.com/static-files/0e84462d-74ac-459d-9aff-be335c09a4f3 https://ir.roku.com/static-files/0e84462d-74ac-459d-9aff-be3...