Of course $ROKU beats and guides ahead for Q1 and the stock is down 15%… But sure… it wasn't a "blowout"… 4Q23 Revs $984M vs my $982M street $967 EBITDA $48M vs my $51M street $18M Net Adds 4.2M vs my 3.7M street 3.0M 1Q24 Revs $850M vs my $858M street $829 — Andrew Freedman, CFA ???? (@HedgeyeComm) February 15, 2024 Last year, Roku announced it would start building and shipping its own line of smart TV sets as part of a broader strategy to understand the marriage between television hardware and software. The plan raised eyebrows by some industry experts and investors, who wondered why Roku would compete against manufacturers who are willing to license its operating system. Executives affirmed Roku's decision to build its own TV sets would ultimately help its third party manufacturing partners in the future, by allowing the company to impart best practices and other strategies that would benefit its licensees as much as the company itself.