Roku stock jumps after NBCUniversal's Peacock app launches on it

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Comcast, NBCUniversal's parent company, and Roku had been in talks for months to get the service on Roku.

on Friday and threatened to pull NBC's TV Everywhere channels from Roku while negotiations continued. The companies agreed to a deal that same day.

"Two primary benefits to Roku include top-end premium inventory and subsequent pricing leverage on its CTV premium ad bundles, and leverage with other major media networks/carriage agreements including present discussions with AT&T/WarnerMedia for HBO Max premium and ad-supported subscription carriage/revenue share," Rosenblatt Securities analyst Mark Zgutowicz said in a note Monday. The firm reiterated its Buy rating on the stock.

 

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