Roku Q4 revenue misses analyst expectations despite 16% growth

Roku

12/02/2026 21:18

Overview

Streaming platform's Q4 revenue missed analyst expectations despite 16% yr/yr growth

Adjusted EBITDA margin for Q4 expanded by 5.7 percentage points

Company repurchased $150 mln of shares under $400 mln stock repurchase program

Outlook

Roku expects Q1 2026 total net revenue of $1.200 bln

Company anticipates FY 2026 total net revenue of $5.500 bln

Roku expects FY 2026 adjusted EBITDA of $635 mln

Result Drivers

VIDEO ADVERTISING - Roku's platform revenue growth was driven by strong performance in video advertising and streaming services distribution

PROGRAMMATIC CAPABILITIES - Increased programmatic capabilities helped drive higher fill rates and improved monetization

INTERNATIONAL EXPANSION - Expansion into international markets and strategic partnerships contributed to platform revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$1.22 bln
$1.35 bln (26 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 7 "hold" and no "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 $125.00, about 42.2% above its February 11 closing price of $87.89

The stock recently traded at 70 times the next 12-month earnings vs. a P/E of 107 three months ago

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