MergerAug 6, 2026, 04:28 PM
Roku to Merge with Fox Corp; Q2 Net Income $164.2M, Revenue $1.35B
AI Summary
Roku, Inc. announced a definitive Merger Agreement with Fox Corporation, where Roku shareholders will receive Fox Class A common stock and cash. This strategic move is expected to close in the first half of 2027. Concurrently, Roku reported strong financial performance for the second quarter of 2026, with net income significantly increasing to $164.2 million and total net revenue rising to $1.35 billion, reflecting a positive turnaround from the prior year.
Key Highlights
- Roku entered a Merger Agreement with Fox Corporation on June 14, 2026.
- Each Roku share to convert into 0.9693 Fox Class A common stock and $96.00 cash.
- Former Roku stockholders are anticipated to own approximately 27% of the combined company.
- Transaction is expected to close in the first half of 2027, subject to approvals.
- Net income for Q2 2026 was $164.2 million, up from $10.5 million in Q2 2025.
- Diluted EPS for Q2 2026 was $1.08, compared to $0.07 in Q2 2025.
- Total net revenue for Q2 2026 increased to $1.35 billion from $1.11 billion in Q2 2025.
- Acquired Frndly TV on May 9, 2025, for $169.8 million to grow Subscriptions revenue.
Price Impact
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