ROKU
Roku, Inc.
Price as of Jul 20, 2026
ROKU earnings
Roku, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.34 | $0.57 | +67.6% | $1.2B | +3.7% |
| Feb 12, 2026 | $0.28 | $0.53 | +89.3% | $1.4B | +17.1% |
| Oct 30, 2025 | $0.07 | $0.16 | +128.6% | $1.2B | -10.5% |
| Jul 31, 2025 | $-0.16 | $0.07 | +143.8% | $1.1B | -7.8% |
| May 1, 2025 | $-0.27 | $-0.19 | +29.6% | $1.0B | +1.3% |
| Feb 13, 2025 | $-0.41 | $-0.24 | +41.5% | $1.2B | +19.2% |
| Oct 30, 2024 | $-0.32 | $-0.06 | +81.3% | $1.1B | -7.1% |
| Aug 1, 2024 | $-0.43 | $-0.24 | +44.2% | $968M | +3.2% |
| Apr 25, 2024 | $-0.61 | $-0.35 | +42.6% | $881M | +3.9% |
| Feb 15, 2024 | $-0.52 | $-0.55 | -5.8% | $984M | +1.9% |
| Nov 1, 2023 | $-2.12 | $-2.33 | -9.9% | $912M | +6.9% |
| Jul 27, 2023 | $-1.26 | $-0.76 | +39.7% | $847M | +9.5% |
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Advertising revenue grew 27%, adoption of ads manager is growing, building a highly performant connected TV ad platform. • Subscription revenue grew 30% driven by premium subscription signups, with recent additions like Apple TV in March and Peacock. • Roku recently passed 100 million streaming households. • Confident in expanding EBITDA margins in 2026 and beyond, with strong platform revenue growth and device operational flexibility. • Third-party DSP strategies are working, majority of video delivery through third-party programmatic partners. • Roku Originals have four pillars: complimenting hits, programming against sports, seasonal programming, and UI programming. • AI is a big opportunity for Roku, integrated across technology stack to improve discovery, engagement, monetization, etc.
Guidance
• Expect Q2 platform to grow at a strong 20% year over year, with subscriptions and advertising both around this growth rate. • Increased full year platform revenue guidance by over $100 million or approximately three points of growth to nearly 21%, and increasing EBITDA and EBITDA margins. • Have stronger visibility into Q2 versus H2 due to macro environment, will provide updated guidance for H2 as visibility improves.
Segment performance
Platform revenue grew 28% in Q1, ahead of outlook, benefiting from Olympics and Super Bowl. Advertising revenue grew 27%, subscription revenue grew 30% driven by premium subscription signups. EBITDA margins more than doubled year on year to nearly 12%. Device revenue is generated from sale of players and one PTV, with memory prices affecting device segment but third-party products benefiting from bill of materials cost advantage.
Risks & headwinds
• Memory prices are increasing, which is something to manage in the device segment. • Uncertainty around future memory prices and how the CTV market will react to higher memory prices. • Macro environment impacts visibility into H2 guidance.
Analyst Q&A
Q: Explain drivers for strong 1Q results and bridge to Q2 and full year guidance, and impact of memory prices on devices segment.
A: Anthony and Dan discussed that Q1 was outstanding with platform revenue growth, advertising and subscription growth. For Q2, expect strong growth, full year platform revenue guidance increased. Memory prices are a factor but third-party products benefit from bill of materials cost advantage.
Q: Talk about third-party DSP strategy and Amazon.
A: Charlie said DSP partnerships are important, strategy is open and interoperable, majority of video delivery through third-party programmatic partners, feel good about Amazon and other partnerships.
Q: Role of Roku Originals and AI.
A: Charlie talked about Roku Originals in four pillars, Anthony discussed AI integrated across technology stack for various benefits.
Q: Subscription revenue forecasting and factors.
A: Vasili asked about subscription revenue forecasting, Dan said there is some seasonality but most important is adding tier one, tier two, tier three premium subscription partners.
Q: Advertising gross margin and first party vs third party.
A: Dan said advertising gross margin was strong, sustainable, and Anthony talked about first party and third party TVs for distribution flexibility.
Q: New home screen and Howdy.
A: Anthony talked about new home screen rolling out, seeing improved engagement and monetization, Howdy is an own and operate streaming service doing well.
Q: DSP relationships growth contributions.
A: Charlie discussed different DSP relationships, importance of being open and interoperable, expansion with DV360 has benefits.
Q: Subscription revenue gross margin and non-M&E ad spending.
A: Dan talked about subscription gross margin level, Charlie talked about non-M&E ad spending on home screen growing.
Q: Content aggregation and device downdraft.
A: Anthony talked about content aggregation including lower cost content, Dan and Mustafa talked about device revenue downdraft due to ASPs and memory costs but overall on track.
Q: DSP integrations impact on advertising gross margin.
A: Dan said how we integrate with DSPs doesn't have a margin impact, margins impacted by how we fulfill ad units and optimize campaigns.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-30.