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Roku Swings to Q4 Profit, Projects $5.5 Billion in 2026 Revenue

A surge in premium subscription sign-ups highlighted Roku's pivot to higher-margin platform revenue.

Overview

  • Roku reported Q4 revenue of $1.39 billion and diluted EPS of $0.53, swinging to $80.5 million in net income and topping Wall Street forecasts.
  • Platform revenue rose 18% to $1.22 billion on record premium-subscription net adds and stronger video advertising, as total 2025 streaming hours reached 145.6 billion.
  • The Roku Channel hit a December high with 6.3% of U.S. TV streaming, ranking No. 2 among free ad-supported apps per Nielsen.
  • For 2026, Roku projected $5.5 billion in revenue and $635 million in adjusted EBITDA, and said platform revenue should grow about 18%.
  • Roku plans premium-subscription bundles, a broader rollout of its $2.99 Howdy service, and more top-tier partners, while shares rose up to 13% as analysts lifted targets on the upbeat outlook.