The earnings call reflects a strong performance and positive outlook for Roku, with robust platform revenue growth and promising developments in advertising and acquisitions. However, challenges remain with slower media and entertainment growth and the uncertain impact of new DSP integrations.

Company Guidance -

Q3 2025

During Roku's Second Quarter 2025 Earnings Call, the company provided optimistic guidance, highlighting several key metrics and strategic initiatives. Platform revenue grew by 18% year-over-year, driven by strong performance in video advertising, which outpaced the OTT and digital ad markets in the U.S. Roku expects to achieve double-digit platform revenue growth while improving profitability, projecting a 180 basis point improvement in EBITDA margins year-over-year over 2024. The company anticipates becoming operating income positive in Q4 2025 and for the full year 2026. Additionally, the Roku Ads Manager, a newer initiative targeting small and medium-sized businesses, is gaining traction. The company also completed the Frndly acquisition, integrating it into their platform, which contributed 1.8 points to growth in Q2. Roku's focus on diversifying ad demand, expanding partnerships, and enhancing their subscription business is expected to sustain growth momentum into 2026.

Strong Platform Revenue Growth

Platform revenue grew 18% year-over-year in Q2, driven by video advertising and the launch of new products like Roku Ads Manager.

Anticipated Profitability

The company is on track to become operating income positive in Q4 of 2025 and for the full year 2026.

Expansion of Roku Ads Manager

Roku Ads Manager is growing rapidly, opening up a new market for performance-based advertisers, particularly small and medium-sized businesses.

Successful Frndly Acquisition

The integration of Frndly TV has already added 1.8 points of growth in Q2, with significant ongoing integration efforts.

Share Repurchase Program

Roku announced a $400 million share repurchase program to offset dilution and improve shareholder returns.

Roku (ROKU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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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.