Overview
- Roku reported the quarter on Thursday with revenue of $1.35 billion and net income of $164.2 million, topping analyst estimates and marking a sizable earnings beat.
- This result was the company’s fifth straight profitable quarter and helped produce a record trailing‑12‑month free cash flow of $704 million.
- Platform revenue rose 25% to $1.22 billion driven by $673 million in ad sales and $548 million in subscription revenue while total streaming hours grew 7% to 37.9 billion across more than 100 million households.
- Roku completed a major home‑screen refresh in late May that management says improved U.S. household retention and aided platform monetization.
- Fox offered $96 cash plus 0.9693 Fox shares for each Roku share in a roughly $22 billion deal that would leave legacy Roku holders with about 27% of the combined company and prompted Roku to suspend guidance and forgo an earnings call until the expected first‑half 2027 close.