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Roku Q3 revenue rises 24% to $1.50 billion as Fox deal pending
Roku reported third-quarter revenue of $1.50 billion, up 24% from a year earlier, and said it is not issuing guidance because of Fox Corp.'s pending acquisition, Variety reported Monday.
- Our desk updated its story
- New headline Was: “Roku Q3 revenue rises 24% to $1.50 billion as Fox deal pending”
- Our desk updated its story
Roku reported third-quarter 2026 revenue of $1.50 billion, up 24% from a year earlier, topping Wall Street estimates cited by Variety on Monday1.
Gross profit was $649 million, also up 24%, and net income was $183 million, more than seven times the year-earlier quarter, according to the report1.
Platform-segment revenue grew 23% to $1.3 billion, with advertising and subscription sales each up 23%, Variety said1. Device revenue rose 33% to $194 million1.
Roku said political advertising in the quarter exceeded the comparable period of the 2024 U.S. presidential cycle, as in the second quarter, and that media-and-entertainment advertising had its strongest year-over-year revenue growth in four years as media companies promoted content on the platform1.
Hours streamed on Roku totaled 39.9 billion, up 9%1. The devices unit remained a loss-leader, with an operating loss of $48.6 million and a negative 25% gross margin that the company tied mainly to higher memory costs1.
Fox Corp. announced on June 15 a $22 billion agreement to buy Roku, expected to close in the first half of 2027, Variety reported1. Roku did not host an earnings call or issue financial guidance, citing the pending deal, as it did after the second quarter1.
Founder and chief executive Anthony Wood and finance and operations chief Dan Jedda, in a letter to shareholders quoted by Variety, called the Fox transaction "an extraordinary opportunity to accelerate our vision"1. After the deal closes, Wood is to have a continuing role and join the Fox board, the report said1.
