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I keep seeing people looking at $Roku Inc(ROKU)$ chart at $155.12 and wondering why it barely moved on Friday (-0.77%) or thinking it’s going to rocket to $180 on Monday night's Q3 earnings. Quick reality check: Roku and Fox shareholders already voted overwhelmingly (81.5% of Roku, 99.9% of Fox) to approve Fox’s $22 billion buyout of Roku at $160.00 per share. The deal is slated to close in the first half of 2027, waiting on DOJ and state AG antitrust sign-off. So Monday night's Q3 report (Street expects $0.55 EPS, up 244% YoY, on $1.41B revenue and 40.6B streaming hours) isn't a normal momentum play it’s a merger-arb floor check. A strong beat proves Roku's standalone business is booming (which keeps a floor under the stock if state AGs drag
I keep seeing people looking at $Roku Inc(ROKU)$ chart at $155.12 and wondering why it barely moved on Friday (-0.77%) or thinking it’s going to rocket to $180 on Monday night's Q3 earnings. Quick reality check: Roku and Fox shareholders already voted overwhelmingly (81.5% of Roku, 99.9% of Fox) to approve Fox’s $22 billion buyout of Roku at $160.00 per share. The deal is slated to close in the first half of 2027, waiting on DOJ and state AG antitrust sign-off. So Monday night's Q3 report (Street expects $0.55 EPS, up 244% YoY, on $1.41B revenue and 40.6B streaming hours) isn't a normal momentum play it’s a merger-arb floor check. A strong beat proves Roku's standalone business is booming (which keeps a floor under the stock if state AGs drag