Overview
- Roku, which reported results Thursday, posted $1.25 billion in revenue, up 22%, and $85.7 million in profit after surpassing 100 million streaming households earlier in April.
- The company broke out platform drivers for the first time with advertising at about $613 million, up 27%, and subscriptions at about $519 million, up 30%, with premium sign-ups setting a quarterly record.
- Roku raised its 2026 outlook to $675 million in adjusted EBITDA and about $5.5 billion in total revenue, with platform sales targeted at $5.0 billion.
- For the June quarter, management guided to roughly $1.3 billion in revenue, with platform growth near 20% and devices declining by high single digits.
- Devices weakened as revenue fell 16% and gross margin turned negative, and management flagged rising memory costs as a key headwind for the hardware business in the second half.