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Roku stock gains after KeyBanc cites customer growth acceleration

“We expect that accelerating vMVPD growth would accelerate platform growth for Roku, and bolster ad-supported video adoption on The Roku Channel.”” writes Emily Bary for marketwatch.com. “When vMVPDs and other content publishers sign agreements to be on the Roku platform, they typically share economics,” he wrote.Wingren also sees growth acceleration in virtual multichannel video programming distributors (vMVPDs), which he thinks also bodes well for Roku.ROKU, +5.22% are up 4.7% in Monday morning trading after KeyBanc Capital Markets analyst Evan Wingren said that his checks indicate “accelerating growth in customers on the Roku platform,” based on his look at a database of credit and debit cards.
 
Source: marketwatch.com



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