Q3 25 EPS
$0.16
BEAT +75.82%
Est. $0.09
Q3 25 Revenue
$1.21B
BEAT +0.38%
Est. $1.21B
vs S&P Since Q3 25
+25.0%
BEATING MARKET
ROKU +30.7% vs S&P +5.7%
Market Reaction
Did ROKU Beat Earnings? Q3 2025 Results
Roku delivered a landmark third quarter, posting earnings per share of $0.16 against a consensus estimate of $0.09, a 75.82% beat, while revenue of $1.21 billion edged past estimates by 0.38% and grew 14.0% year over year, capping what the company ca… Read more Roku delivered a landmark third quarter, posting earnings per share of $0.16 against a consensus estimate of $0.09, a 75.82% beat, while revenue of $1.21 billion edged past estimates by 0.38% and grew 14.0% year over year, capping what the company called its most significant profitability milestone in years. The headline result was anchored by a historic first: positive operating income of $9.47 million, achieved well ahead of management's original timeline and driven by Platform revenue surging 17% year over year to $1.06 billion as video advertising on Roku grew faster than both the U.S. OTT and digital ad markets. Net income swung to $24.81 million from a loss of $9.03 million a year earlier, underscoring a broader profitability shift that analysts are increasingly viewing as durable rather than episodic, a notable contrast to mixed results elsewhere in streaming. Management raised its full-year 2025 outlook to $4.11 billion in Platform revenue and $395 million in Adjusted EBITDA, while guiding Q4 total net revenue to approximately $1.35 billion.
Key Takeaways
- • Platform revenue grew 17% YoY driven by strength in video advertising and streaming services distribution
- • Video advertising grew faster than U.S. OTT and digital ad markets
- • Rising share of programmatic video impressions execution
- • Growth in Roku-billed subscriptions, particularly Premium Subscriptions
- • Frndly TV acquisition contributed to streaming services distribution growth
- • The Roku Channel captured 6.2% of all U.S. TV streaming time per Nielsen
- • Nearly 90% of The Roku Channel engagement originated from Roku Experience entry points
- • Streaming Hours reached 36.5 billion, up 4.5 billion YoY
ROKU YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ROKU Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered strong Q3 results, achieving positive operating income ahead of schedule and for the first time since 2021. Platform revenue grew 17% YoY, driven by strength in streaming services distribution and video advertising activities.”
— Anthony Wood, Q3 2025 Earnings Press Release
ROKU Earnings Trends
ROKU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ROKU EPS Trend
Earnings per share: estimate vs actual
ROKU Revenue Trend
Quarterly revenue: estimate vs actual
ROKU Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.57 | — | $1.25B | +3.70% |
| Q4 25 BEAT FY | $0.27 | $0.53 | +95.36% | $1.39B | — |
| FY Full Year | $0.33 | $0.59 | +79.71% | $4.74B | +0.87% |
| Q3 25 BEAT | $0.09 | $0.16 | +75.82% | $1.21B | +0.38% |
| Q2 25 BEAT | $-0.16 | $0.07 | +144.14% | $1.11B | +3.62% |
| Q1 25 BEAT | $-0.25 | $-0.19 | +24.75% | $1.02B | +1.29% |