Roku's Q3 revenue edges past estimates on video advertising strength

Roku

30/10/2025 20:21

Overview

Roku Q3 2025 revenue rose 14% YoY to $1.211 bln, just beating analyst expectations

Platform revenue grew 17% YoY, driven by video advertising and streaming services

Company repurchased $50 mln of common stock, raising full-year outlook

Outlook

Roku expects Q4 2025 total net revenue of approximately $1.35 bln

Roku raises full-year 2025 platform revenue outlook to $4.11 bln

Roku projects double-digit platform revenue growth in 2026 and beyond

Result Drivers

VIDEO ADVERTISING - Growth in video advertising and streaming services distribution drove platform revenue up 17% YoY

AD DEMAND INTEGRATIONS - Expanded integrations with third-party ad platforms increased ad demand and diversified revenue

SUBSCRIPTION GROWTH - Enhancements in content discovery and new offerings like Howdy boosted Roku-billed subscriptions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
*Slight Beat
$1.21 bln
$1.20 bln (26 Analysts)
Q3 Gross Profit
$525 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the entertainment production peer group is "buy"

Wall Street's median 12-month price target for Roku Inc is $110.00, about 10.4% above its October 29 closing price of $98.61

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)