Key Takeaways Roku's moat is its platform-agnostic OS anchoring content discovery across many streaming services.Netflix's moat comes from exclusive originals and global scale that lock viewers into its ecosystem.Roku trades at a lower valuation than Netflix, reflecting platform-led versus content-led models.The streaming revolution has reshaped how consumers access entertainment, with Roku (ROKU) and Netflix (NFLX) emerging as two key beneficiaries of the secular shift away from traditional cable televisio ...