Quarterly ResultApr 30, 2026, 04:09 PM
ROKU Q1 Revenue +22% to $1.25B; Net Income $86M; Raises FY26 Outlook
AI Summary
Roku, Inc. reported an outstanding first quarter for 2026, with total net revenue increasing 22% year-over-year to $1.25 billion. The strong performance was primarily driven by a 28% rise in Platform revenue, fueled by significant growth in both Advertising and Subscriptions. The company achieved increased profitability, reporting Net Income of $86 million and a 165% YoY surge in Adjusted EBITDA to $148 million, alongside an all-time high in Free Cash Flow (TTM). Roku also repurchased $100 million in shares during the quarter and raised its full-year 2026 outlook, anticipating continued double-digit Platform growth and expanding margins.
Key Highlights
- ROKU Q1 2026 Total net revenue was $1.25 billion, up 22% YoY.
- Platform revenue grew 28% YoY to $1.13 billion, driven by Advertising (+27% YoY) and Subscriptions (+30% YoY).
- Net Income reached $86 million, compared to a loss of $27 million in Q1 2025.
- Adjusted EBITDA increased 165% YoY to $148 million.
- Free Cash Flow (TTM) hit an all-time high of $539 million, up 81% YoY.
- The company repurchased $100 million of shares in Q1 2026.
- ROKU expects Q2 2026 Total net revenue of $1.3 billion and FY2026 Total net revenue of $5.5 billion (raised outlook).
- ROKU anticipates FY2026 Adjusted EBITDA of $675 million, representing a 330 basis points margin improvement YoY.