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Roku

ROKU Q1 2025 Earnings

Reported May 1, 2025 at 4:09 PM ET · SEC Source

Q1 25 EPS

$-0.19

BEAT +24.75%

Est. $-0.25

Q1 25 Revenue

$1.02B

BEAT +1.29%

Est. $1.01B

vs S&P Since Q1 25

+67.2%

BEATING MARKET

ROKU +94.3% vs S&P +27.2%

Market Reaction

Did ROKU Beat Earnings? Q1 2025 Results

Roku posted a notably clean first quarter, beating Wall Street expectations on both the top and bottom lines as the streaming platform company continues to narrow its losses and scale its advertising business. The company reported a GAAP net loss of … Read more Roku posted a notably clean first quarter, beating Wall Street expectations on both the top and bottom lines as the streaming platform company continues to narrow its losses and scale its advertising business. The company reported a GAAP net loss of $0.19 per share against a consensus estimate of $0.25, a 24.75% beat, while revenue of $1.02 billion edged past the $1.01 billion estimate by 1.29% and grew 15.8% year over year. The primary engine behind the results was Platform revenue, which climbed 17% year over year to $880.82 million, fueled in part by The Roku Channel's emergence as the #2 app on the platform by engagement, with streaming hours up 84% year over year, reflecting the growing pull of Roku's AI-driven content recommendations. Adjusted EBITDA grew 37% to $56.02 million, underscoring improving operational leverage. Looking ahead, Roku guided Q2 revenue of approximately $1.07 billion and reaffirmed full-year Platform revenue of $3.95 billion, while flagging tariff-related uncertainty as a near-term headwind for its Devices segment.

Key Takeaways

  • • Platform revenue growth of 17% YoY driven by both video advertising and streaming services distribution
  • • The Roku Channel became #2 app by engagement in U.S. with Streaming Hours growing 84% YoY
  • • AI-driven content row on Home Screen driving video ad reach and subscription sign-ups
  • • Premium Subscription sign-ups and prior-year price increases driving streaming services distribution growth
  • • Advertising activities (ex-Media & Entertainment) outperformed U.S. OTT ad market
  • • Scale exceeding half of U.S. broadband households
  • • Streaming Hours of 35.8 billion, up 5.1 billion hours YoY
24/7 Wall St

ROKU YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

ROKU Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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