ROKU (ROKU) Company Report

Roku reported Q3 2025 revenue of $1.21 billion, a 14% year-over-year increase, and achieved its first positive operating income since 2021.
Platform revenue grew by 17%, driven by streaming services distribution and video advertising, contributing to a GAAP profit per share of $0.16.
Management raised its full-year outlook, projecting adjusted EBITDA of $395 million and Q4 2025 revenue of approximately $1.35 billion.
The company repurchased $50 million of its common stock during Q3 2025.

Oct 31, 2025, 5:31 AM

CNBC

Roku Reports Strong Q3 2025 Financials and Outlines Growth Initiatives

ROKU

Earnings

Guidance Update

Share Buyback

Roku achieved positive operating income in Q3 2025, the first time since fiscal 2021, and projects its highest-ever adjusted EBITDA of $145 million for Q4 2025.
The company holds $2.3 billion in cash and short-term investments and generated over $440 million in trailing 12-month free cash flow. In Q3, Roku repurchased $500 million of its stock, leading to its lowest quarterly dilution of under 30 basis points.
Platform revenue grew 17% in Q3 2025, or 19% excluding political and Frndly, with Q4 guidance implying 20% growth on the same basis. Roku anticipates maintaining double-digit platform revenue growth and increasing profitability in 2026 and beyond.
Key strategic initiatives include a significant home screen update expected to roll out in 2026, deepening DSP integrations such as the recently launched Amazon DSP partnership, and the rapidly expanding Ads Manager, which attracted 90% new advertisers in Q3.
Roku expects to reach 100 million streaming households in 2026, with Average Revenue Per User (ARPU) projected to grow significantly faster due to ongoing monetization efforts.

Oct 30, 2025, 9:00 PM

Transcript

Roku Reports Positive Q3 2025 Operating Income and Strong Platform Revenue Growth

ROKU

Guidance Update

Share Buyback

Revenue Acceleration/Inflection

Roku reported positive operating income in Q3 2025, the first since fiscal 2021, and projects a record $145 million in adjusted EBITDA for Q4 2025.
The company achieved 17% platform revenue growth in Q3 2025 (or 19% excluding political and Frndly TV) and expects double-digit growth to continue in 2026 and beyond, with Q4 2025 guidance implying 20% growth on an adjusted basis.
Roku maintains a strong financial position with $2.3 billion in cash and short-term investments, repurchased $500 million of stock in Q3, and reduced dilution to under 30 basis points.
Key growth initiatives include a major home screen update planned for 2026, expanded ad demand through DSP integrations (e.g., Amazon DSP), and the rapidly growing Roku Ads Manager, which saw 90% new advertisers in Q3 2025. The company anticipates ARPU will grow faster than active accounts, targeting 100 million streaming households by 2026.

Oct 30, 2025, 9:00 PM

Transcript

Roku Reports Strong Q3 2025 Results, Achieves Positive Operating Income, and Raises Full-Year Outlook

ROKU

Earnings

Guidance Update

Share Buyback

Roku reported strong Q3 2025 results, achieving positive operating income of $9.5 million for the first time since 2021.
Total net revenue for Q3 2025 was $1.211 billion, an increase of 14% year-over-year, with Platform revenue growing 17% year-over-year to $1.065 billion.
The company increased its full-year 2025 outlook, projecting total net revenue of $4.690 billion and Adjusted EBITDA of $395 million.
Roku repurchased $50 million of its common stock under its $400 million stock repurchase program.

Oct 30, 2025, 8:05 PM

8-K

Roku Leads in Multiple Regions in Q2 2025 CTV Device Market Share

ROKU

Pixalate's Q2 2025 Connected TV (CTV) Device Market Share Reports, based on an analysis of over 23 billion global open programmatic ad transactions from Q2 2024 to Q2 2025, indicate Roku holds leading positions in several key markets and regions.
In the USA, Roku led in CTV device market share with 37%.
Roku also secured the top spot in Canada with 32% market share and in Mexico with a dominant 74%.
Regionally, Roku led in North America with 37% and in LATAM with 45% of the CTV device market share.

Aug 6, 2025, 2:32 PM

Press Release

Roku, Amazon create largest US CTV advertising footprint

ROKU

New Projects/Investments

Partnership grants advertisers access to 80 million+ authenticated CTV households via Amazon’s DSP, spanning platforms like The Roku Channel, Prime Video and Disney.
Early tests show a 40% lift in unique viewer reach and a ~30% drop in ad frequency per viewer, effectively tripling ad spend value.
Uses a custom identity resolution service to deterministically recognize logged-in viewers across Roku OS and devices for precise cross-platform targeting.
Set to launch broadly by Q4 2025, the deal aims to unify fragmented streaming audiences and enable full-funnel campaign outcomes with reduced media waste.

Jun 16, 2025, 4:02 AM

Morningstar

Roku Outlines Strategic Initiatives on Platform, Subscriptions, and International Growth

ROKU

Guidance Update

New Projects/Investments

M&A

Roku reaffirmed its position as the leading streaming platform in the U.S. and internationally, leveraging its operating system on smart TVs and players to drive monetization through subscriptions, advertising, and content distribution.
The company discussed its recent Frndly acquisition, noting that while it brings nearly 1 million subscriptions and is EBITDA accretive, it was initially excluded from Q1 guidance and will be incorporated once more clarity is achieved.
Roku highlighted progress in free cash flow, emphasizing strict management of working capital and dilution, with guidance pointing to robust free cash flow growth for FY ’25.
The call also covered advancements in advertising through deeper integration with DSPs and utilization of first-party data, while emphasizing investment in new hardware products and international markets like Mexico for long-term growth.

May 13, 2025, 7:01 PM

Transcript

Roku Inc Reports Q1 2025 Growth, Guidance & Strategic Shifts

ROKU

Guidance Update

Revenue Acceleration/Inflection

M&A

Earnings

Roku reaffirmed full-year guidance on platform revenue of $3.950 billion and Adjusted EBITDA of $350 million despite macro uncertainty and tariff concerns.
In Q1 2025, platform revenue grew 17%, driven by contributions from video advertising and streaming services distribution activities.
The Roku Channel emerged as a key asset, ranking as the #2 app—achieving 84% YoY global engagement growth and enhanced content discovery in the U.S. and globally.
Leadership highlighted a strategic shift toward programmatic advertising and robust subscription growth, supported by the acquisition of Frndly.
Despite lumpy device revenue, efforts continue to expand streaming household penetration and leverage diversified manufacturing strategies to mitigate tariff impacts.

May 1, 2025, 9:01 PM

Transcript 8-K

Earnings Transcripts

Quarterly earnings call transcripts for ROKU.