Core Insights - Roku's stock has shown strong performance in October, trading above $100 for three consecutive days, although this has been a temporary experience in previous years [2][3] - The company has faced significant stock price declines since reaching an all-time high of $490 in early 2021, but it is now revisiting the triple-digit trading range for the fourth consecutive year [3][4] - There is optimism that Roku may maintain its current stock price momentum, with analysts predicting substantial bottom-line improvements in the latter half of the year [4][6] Financial Performance - Roku has demonstrated consistent revenue growth in the double digits for over two years and has generated significant free cash flow [6] - The company recently reported its first quarterly profit in over three years, which has shifted the narrative from negative earnings to positive growth potential [5][6] - Despite beating expectations and raising guidance, Roku's stock has historically declined the day after financial results are announced [5] Market Position - Roku operates in a highly competitive streaming market, facing challenges from larger companies with more financial resources [7] - The company has stopped publishing its active user count and average revenue per user, but it continues to report usage metrics, with streaming hours on the platform increasing by 17% over the past year [7][8] - The anticipated return to profitability is expected to address some of the bearish sentiments surrounding the company [8]