This video provides a fundamental analysis of ROKU stock, based on the company's Q2 2025 earnings call transcript. The CEO strategy focuses on growing platform revenue, which is working. The platform segment is high-margin, while the player segment brings users to the ecosystem. ROKU's video advertising revenue grew 18% year-over-year in Q2, faster than the digital ad market, indicating market share gain. The management expects to operate with a positive income in the fourth quarter of this year and for the full year of 2026. The intrinsic value calculation updated today is $105.95 compared to the current market price of $94.94. It is still considered a 'Buy'.