Streaming company Roku Inc (NASDAQ:ROKU) announced second-quarter financial results Thursday after market close.
Here are the key highlights.
• Roku shares are testing new highs. Why are ROKU shares at highs?
Roku Q2 Earnings
Roku reported second-quarter revenue of $1.355 billion, up 22% year-over-year. The revenue total beat a Street consensus estimate of $1.298 billion according to data from Benzinga Pro.
The company reported Platform segment revenue of $1.22 billion, up 25% year-over-year, made up of the following:
- Advertising: $672.8 million, +25% year-over-year
- Subscriptions: $548.2 million, +26% year-over-year
Devices segment revenue was $133.7 million, down 1% year-over-year. The segment saw a benefit from tariff refunds in the quarter.
Adjusted earnings per share were $1.08 in the quarter, beating a Street estimate of 57 cents per share.
The company reported records for net income, adjusted EBIDA and free cash flow for the second quarter.
Total streaming hours of 37.9 billion were up 7% year-over-year.
The Roku Channel was the number two app on the platform for the quarter.
Roku highlighted its new home screen rolled out in the second quarter, its biggest update in a decade. The company also highlighted strong growth from sports-related streaming, with the 2026 World Cup helping the quarterly results.
What’s Next for Roku
“As we look ahead, we remain focused on disciplined execution, investing in long-term growth opportunities, and creating value for our shareholders. We believe our scale, platform strategy and financial strength position Roku to continue leading the evolution of TV streaming while delivering sustainable, long-term growth,” Roku CEO Anthony Wood and CFO Dan Jedda said in a shareholder letter.
The company is not providing guidance as it is currently being acquired by Fox Corp (NASDAQ:FOX)(NASDAQ:FOXA). The company also will not be hosting a conference call this quarter.
“Our pending acquisition by FOX is an extraordinary opportunity to accelerate our vision, allowing us to scale faster and innovate more aggressively for viewers, partners, and advertisers.”
Roku Stock Price Action
Roku stock is up 0.3% to $150.55 in after-hours trading Thursday versus a 52-week trading range of $78.53 to $150.61.
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