Roku Q4 2025 Earnings: Revenue & Profit Beat Expectations | THR News

Roku concluded 2025 with a strong financial performance, reporting net revenue of $1.5 billion for the fourth quarter – a 16 percent increase year-over-year – and surpassing earlier guidance. The streaming platform also posted a net income of $80.5 million, or 53 cents per share, exceeding both its own projections and Wall Street expectations.

The bulk of revenue came from the Platform segment, generating $1.2 billion, up 18 percent compared to the same period last year. This growth was attributed to increased video advertising revenue and improvements to the user interface, according to the company.

December 2025 marked a record high for The Roku Channel, capturing 6.3 percent of all television streaming viewership, as measured by Nielsen Gauge. This demonstrates the channel’s growing prominence in the competitive streaming landscape.

Roku also experienced its largest quarter for net additions to premium subscriptions, where users subscribe to third-party streaming services directly through the Roku platform. The company credited this surge to holiday promotions and enhancements within the Roku interface designed to streamline the subscription process.

The launch of dedicated sports hubs on Roku, featuring both free content from The Roku Channel and subscription-based offerings from other services, proved particularly successful. Subscription sign-ups originating from these sports hubs increased by nearly 75 percent year-over-year.

For the full year 2025, Roku reported total net revenue of $4.7 billion, a 15 percent increase from the previous year. Platform revenue reached $4.1 billion, up 18 percent year-over-year. Significantly, the company achieved positive net income for the year, totaling $88.3 million. Total streaming hours across the platform reached 145.6 billion, a 15 percent increase year-over-year, indicating continued engagement from its user base.

Looking ahead, Roku anticipates net revenue of $1.2 billion and net income of $50 million for the first quarter of 2026. For the entirety of 2026, the company is providing guidance of $5.5 billion in net revenue and $325 million in net income, signaling continued confidence in its growth trajectory.

“We delivered excellent results in 2025, driven by consistent execution and the differentiation of our leading TV streaming platform,” the company stated in its shareholder letter. “By expanding our Platform monetization over the last two years, we’ve unlocked new growth engines and achieved record-breaking financial performance. In 2025, we achieved positive net income, expanded Adjusted EBITDA margin by 255 basis points, and reported record Free Cash Flow (TTM), all while continuing to invest in our platform for long-term growth. We repurchased a total of $150 million of shares under our $400 million stock repurchase program, reinforcing our commitment to growing Free Cash Flow per share. Looking ahead to 2026 and beyond, we are confident in our ability to sustain double-digit Platform revenue growth while continuing to expand both operating and net income margins.”

Roku is scheduled to report its fourth-quarter 2025 earnings on February 12, 2026. Analysts currently estimate revenues of $1.35 billion, representing a 12.62 percent year-over-year increase, and earnings of 28 cents per share.