Investing in streaming stocks is becoming more popular as more people switch to streaming TV services. Let’s take a look at his three options that are perfect for investors looking to profit from the rise of streaming TV.
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1.ROKU:
Roku stands out as a top investment choice among streaming stocks. It is known for its hardware such as Roku sticks and his TVs, which act as a vital bridge for users to seamlessly access various streaming services.
With Roku reigning as the largest TV platform in the U.S. and boasting more than 71 million active accounts worldwide, it’s easy to see why investors are attracted to its potential. Roku is at the forefront of the streaming revolution by offering affordable software and devices and leveraging ad revenue and subscription management.
While Roku faces cost control challenges, it’s important to monitor its efforts toward sustainable profitability. As the company continues down this path, investors have the opportunity to take advantage of the company’s pivotal new role in the burgeoning streaming industry.
2. Walt Disney Company (DIS))
Disney+ has rapidly gained tens of millions of subscribers around the world since its launch in 2019. Currently, Disney has solidified its position as the second-largest subscription streaming service after Netflix.
In addition to Disney+, the company also boasts ownership of other popular streaming platforms such as Hulu and ESPN+ in the US.
With an established brand and diverse content offering, Disney is poised to capitalize on the streaming boom.
3. Netflix (NFLX):
A pioneer in streaming TV, Netflix boasts 230 million subscribers worldwide, cementing its position as the largest streaming platform. While U.S. subscriber growth has plateaued, Netflix continues to aggressively expand internationally.
One of Netflix’s key strategies for international growth is to create content in local languages to cater to a diverse audience around the world. However, producing this content costs a lot of money, and in recent years we have been experiencing periods of negative free cash flow.
To address its financial challenges, Netflix has taken steps such as cracking down on password sharing and introducing a lower-cost, ad-supported subscription tier.
4. Apple (AAPL):
Apple made this list because of its strategic expansion into live sports streaming, a lucrative part of the streaming industry.
Apple has already secured partnerships that allow it to stream exclusive games from major sports leagues such as Major League Baseball, the National Basketball Association, and Major League Soccer. Apple continues to look to capitalize on the growing demand for live sports content.
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Additionally, Apple has emerged as a standout choice among streaming stocks due to its large cash reserves and growth in its services division, including Apple TV+.
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This article originally appeared on GOBankingRates.com: 3 Best Streaming Stocks: Here’s why these stocks deserve your attention
