Roku showed strong platform revenue growth and improved profitability through strategic initiatives like the Frndly acquisition and growth in Roku Ad Manager. However, challenges remain with slower M&E growth and potential headwinds from Walmart's acquisition of VIZIO SmartCast.

Company Guidance

During Roku's Second Quarter 2025 Earnings Conference Call, the company provided several key financial metrics and guidance updates. Platform revenue grew by 18% year-over-year, driven by faster growth in video advertising compared to OTT and digital ad markets in the U.S. Roku's EBITDA margin outlook reflects a 180 basis point improvement over 2024, and the company expects to achieve operating income positivity in the fourth quarter of 2025 and for the entire year of 2026. The full-year guide was raised, indicating confidence in sustained double-digit platform revenue growth and improved profitability. Roku Ads Manager, a new initiative focusing on small- and medium-sized businesses, is anticipated to tap into a large, untapped market, with growth expected over time. Additionally, the company closed the Frndly acquisition, contributing to the platform's growth. Looking ahead, Roku expects its platform gross margins to remain in the 51% to 52% range, with potential improvements if M&E revenues rebound.

Strong Platform Revenue Growth

Roku's platform revenue grew 18% year-over-year, driven by video advertising that outpaced OTT and digital ad markets in the U.S.

Positive EBITDA Margin Outlook

Roku expanded its EBITDA margins by 180 basis points year-over-year and expects further margin improvement in 2026.

Successful Frndly Acquisition

Frndly integration contributed 1.8 points of growth in Q2, with significant app install increases and integration into live TV search results.

Roku Ad Manager Growth

Roku Ad Manager is unlocking a new market for small and midsized businesses, showing steady growth in advertisers and revenue.

Roku Channel Engagement

The Roku Channel experienced 80% growth in streaming hours for Q2 and was the #2 app on the platform by engagement.

Roku (ROKU) Earnings, Revenues Date & History

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ROKU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.09 / -	-0.06	―	―	―
Jul 31, 2025	2025 (Q2)	-0.15 / 0.07	-0.24	129.17% (+0.31)	―
May 01, 2025	2025 (Q1)	-0.26 / -0.19	-0.35	45.71% (+0.16)	―
Feb 13, 2025	2024 (Q4)	-0.41 / -0.24	-0.55	56.36% (+0.31)	―
Oct 30, 2024	2024 (Q3)	-0.32 / -0.06	-2.33	97.42% (+2.27)	―
Aug 01, 2024	2024 (Q2)	-0.42 / -0.24	-0.76	68.42% (+0.52)	―
Apr 25, 2024	2024 (Q1)	-0.61 / -0.35	-1.38	74.64% (+1.03)	―
Feb 15, 2024	2023 (Q4)	-0.55 / -0.55	-1.7	67.65% (+1.15)	―
Nov 01, 2023	2023 (Q3)	-2.05 / -2.33	-0.88	-164.77% (-1.45)	―
Jul 27, 2023	2023 (Q2)	-1.27 / -0.76	-0.82	7.32% (+0.06)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ROKU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$94.16	$79.98	-15.06%
May 01, 2025	$67.27	$61.55	-8.50%
Feb 13, 2025	$86.80	$99.07	+14.14%
Oct 30, 2024	$77.51	$64.08	-17.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.