Streaming company Roku Inc (NASDAQ:ROKU) reported third-quarter financial results Monday after market close.
Here are the key highlights.
Roku Q3 Financials
Roku reported third-quarter revenue of $1.502 billion, up 24% year-over-year. The revenue total beat a Street consensus estimate of $1.408 billion, according to data from Benzinga Pro.
The company’s revenue was as follows:
- Platform: $1.3 billion, +23% year-over-year
- Devices: $193.7 million, +33% year-over-year
Within the platform segment, here are the two main segments:
- Advertising: $727.4 million, +23% year-over-year
- Subscriptions: $580.9 million, +23% year-over-year
Earnings per share of $1.20 beat the Street consensus estimate of 53 cents per share.
The company said streaming hours totaled 39.9 billion in the quarter, up 9% year over year.
The company’s The Roku Channel was the platform’s second-most-engaged app in both the United States and globally.
Roku is in more than 100 million households worldwide.
What’s Next for Roku
The company highlighted that it launched Premium Subscription bundles in September, offering more than 35 combinations of services at savings of up to 30%, which may help boost revenue and new customer subscriptions going forward.
Roku also launched its first-ever OLED TVs in September, the Roku Pro Series OLED and Pro Series LX OLED, both available exclusively on Amazon.com.
Roku did not provide forward guidance due to its pending acquisition by Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA), but said it remains on track for the second-half 2026 forecast it provided in its proxy statement.
The companies announced the acquisition in June.
Roku Stock Price Action
Roku stock is down 0.2% to $155.25 in after-hours trading Monday versus a 52-week trading range of $78.53 to $160.22.
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