Yahoo Finance media reporter Allie Canal details Nielsen's rankings for most-watched shows and streaming platforms in 2022, while breaking down losses reported by NBC's Peacock platform.
The so-called FAANG stocks flopped in 2022. Meta Platforms (NASDAQ: META) stock (the "F" in FAANG because it was previously named Facebook) plunged 64%. Netflix (NASDAQ: NFLX) didn't fare much better, with its shares sinking 51%.
After its initial public offering in Sept. 2017, Roku (NASDAQ: ROKU) shares skyrocketed 1,940% to hit their all-time high in July 2021. After that dramatic fall, Roku's stock now sells at a compelling price-to-sales ratio of 2.3. Looking back to 2015 and the earliest available data on the company's financials, Roku has been unprofitable in every single year except 2021, when the pandemic was still providing a demand boost to stay-at-home businesses.