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Roku (ROKU)
NASDAQ:ROKU
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
-0.19Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operating and financial achievements — double‑digit platform revenue growth (18%), record adjusted EBITDA and free cash flow, aggressive 2026 guidance for revenue and EBITDA expansion, improving monetization through Ads Manager and DSP integrations, and strategic distribution and cost actions. The primary risks highlighted were timing and visibility into H2 (political ad spend), early-stage ramps for third‑party DSP integrations and international monetization, and the need to scale new home‑screen ad formats and SMB advertising. Overall, the positives around profitability, cash generation, product momentum and clear guidance materially outweigh the manageable execution and timing uncertainties.Company Guidance
Strong Platform Revenue Growth
Platform revenue grew 18% for full year 2025 and platform revenue grew over 18% in Q4 2025, with Q4 platform revenue surpassing $1.2 billion.
Record Profitability Metrics
Q4 2025 adjusted EBITDA was $169 million and net income was $80 million (both records). Full-year adjusted EBITDA was $421 million, representing a 255 basis point margin expansion versus prior year.
Exceptional Free Cash Flow and Capital Deployment
Generated record free cash flow of $484 million in 2025, >100% year-over-year growth. Used cash to repurchase $150 million of stock and reported near 0% dilution in Q4 (lowest ever). Management sees a path to >$1 billion free cash flow by end of 2028.
2026 Guidance Upside on Revenue and EBITDA
Guidance for 2026: Q1 platform revenue growth above 21% and full-year platform revenue growth ~18%. Full-year adjusted EBITDA guidance of $635 million (over 50% year-over-year growth) and margin expansion to 11.6% (267 basis points improvement).
Stable and High Platform Gross Margins
Platform gross margin guidance of 51%–52% for 2026; FY2025 ended at ~52%, and management does not expect significant quarter-to-quarter variability.
Scale in Streaming Households and Subscriptions
Continued growth in streaming households U.S. and globally; management expects to surpass 100 million streaming households in 2026. Q4 was the company's biggest quarter ever for premium subscription net adds. Owned/operated subscription businesses (Howdy and Frndly) showing early subscriber growth.
Monetization and Ads Platform Momentum
Expanded integrations with third‑party DSPs (Amazon DSP, Trade Desk, Yahoo DSP, AppLovin, Wurl, Magnite) and growing Ads Manager traction targeting SMBs. Management highlights AI as a tailwind to improve recommendations, ad performance and expand addressable ad buyers.
Operational and Cost Advantages
Rightsized cost structure achieved adjusted EBITDA breakeven early in 2024. OpEx grew only 3% in 2025 and is guided to mid-single-digit growth as stock-based compensation trends down. Shift of TV production to Mexico expected to lower device BOM costs.
ROKU Earnings History
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 |
|---|---|---|---|
Feb 12, 2026 | $82.93 | $90.06 | +8.60% |
Oct 30, 2025 | $100.03 | $106.13 | +6.10% |
Jul 31, 2025 | $94.16 | $79.98 | -15.06% |
May 01, 2025 | $67.27 | $61.55 | -8.50% |
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.
FAQ
When does Roku (ROKU) report earnings?
Roku (ROKU) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Roku (ROKU) earnings time?
Roku (ROKU) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ROKU EPS forecast?
ROKU EPS forecast for the fiscal quarter 2026 (Q1) is 0.32.
