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Roku Tops Wall Street Estimates In First $1B Revenue Quarter; Streaming Provider To Stop Reporting Household Tally In 2025

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Roku easily outdid Wall Street analysts’ consensus forecast in the third quarter, delivering a 16% jump in revenue to $1.06 billion and narrowing its loss per share to 6 cents.

It was the first quarter the company exceeded $1 billion in revenue. Platform revenue, the dominant category that includes advertising, increased 16% over the year-ago quarter to hit $908 million.

The company does not break out advertising as its own line item. Analysts had expected a loss of 32 cents a share (compared with a loss of $2.33 in the year-ago period) and revenue of $1.02 billion.

In its quarterly letter to shareholders, the company signaled a change in its reporting protocol, with the number of active households no longer being reported on a regular basis.

Read more on deadline.com
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