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Roku Q3 revenue rises 24% to $1.5 billion as platform ads and subs grow
Variety reported Monday that Roku’s third-quarter revenue rose 24% year over year to $1.50 billion, with platform advertising and subscriptions each up 23%.
- 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 revenue of $1.50 billion, up 24% from a year earlier, according to Variety, which said the results topped Wall Street estimates1.
Gross profit was $649 million, also up 24%, and net income was $183 million, more than seven times the year-earlier quarter, Variety reported1.
Platform segment revenue grew 23% year over year to $1.3 billion, with advertising and subscription sales each rising 23%1. Total streaming hours on the platform were 39.9 billion, up 9%1.
Devices revenue rose 33% to $194 million1. Variety said Roku runs that business as a loss-leader: the segment’s operating loss was $48.6 million in the quarter, a -25% gross margin, driven primarily by higher memory costs1.
Roku said political advertising in the third quarter exceeded the comparable quarter of the 2024 U.S. presidential election cycle, as in the second quarter, Variety reported1. The company also said media-and-entertainment category advertising had its highest year-over-year revenue growth in four years as media companies spent to promote content and services on the platform1.
Variety did not include a full earnings-per-share figure or updated full-year guidance in the account reviewed1.
