Roku sees annual revenue of $5.5 bln after Q1 sales beat

Roku

30/04/2026 21:12

Overview

U.S. streaming platform's Q1 revenue rose 22% yr/yr, beating analyst expectations

Platform revenue grew 28% yr/yr, led by advertising and subscriptions

Company repurchased $100 mln of shares in Q1 under ongoing buyback program

Outlook

Roku expects Q2 2026 net revenue of $1.295 bln

Company sees full-year 2026 net revenue of $5.535 bln

Roku forecasts Q2 2026 net income of $90 mln and adjusted EBITDA of $170 mln

Result Drivers

ADVERTISING GROWTH - Advertising revenue grew 27% yr/yr, driven by increased video ad demand, programmatic ad spend, and more advertisers using Roku Ads Manager

SUBSCRIPTIONS MOMENTUM - Subscription revenue rose 30% yr/yr, with record premium sign-ups and expanded distribution of owned and operated services

ENGAGEMENT & PLATFORM FEATURES - The Roku Experience, including Home Screen, content discovery, and AI-powered recommendations, drove engagement and monetization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.25 bln
$1.20 bln (26 Analysts)
Q1 EPS
$0.57
Q1 Gross Profit
$565 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 4 "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 $130.00, about 15.4% above its April 29 closing price of $112.62

The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 89 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.)