| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.4K | 8.5% | 21.9% |
| Total Income | 1.4K | 8.5% | 21.9% |
| Expenditure | 1.2K | 0.9% | 6.5% |
| PBT | 169.39 | 91.1% | 3527.2% |
| Net Profit | 164.22 | 91.6% | 1464.0% |
| OPM | 10.79% | 6.65pp | 12.89pp |
| NPM | 12.12% | 5.26pp | 11.18pp |
| EPS | 1.11 | 91.4% | 1485.7% |
Roku Reports Q2 2026 Results: Platform Revenue Up 25% YoY to $1.22 Billion
07 Aug 2026 · 7 Aug, 1:53 am
Summary
Roku, Inc. announced strong financial results for the second quarter of 2026, with total net revenue reaching $1.35 billion, up 22% year over year. Platform revenue was a key driver, growing 25% YoY to $1.22 billion, fueled by robust performance in both Advertising and Subscriptions. The company achieved record net income of $164 million and record Adjusted EBITDA of $254 million, demonstrating profitable growth. Management highlighted the ongoing momentum and the success of new initiatives like the updated Roku Home Screen.
Key Highlights
- 1
Total net revenue was $1.35 billion, an increase of 22% year over year.
- 2
Platform revenue grew 25% year over year to $1.22 billion, with a gross margin of 53.0%.
- 3
Advertising revenue increased by 25% year over year to $673 million, with advertising gross margin expanding to 62.4%.
- 4
Subscriptions revenue grew 26% year over year to $548 million.
- 5
Net income reached a record high of $164 million.
- 6
Adjusted EBITDA was a record $254 million, representing a 225% year-over-year increase.
- 7
Free Cash Flow (TTM) reached a record $704 million, an 80% increase year over year.
Management Comments
Anthony Wood
Following our outstanding results in Q1, we delivered another very strong quarter. In Q2, we grew Platform revenue 25% year over year (YoY), well ahead of our outlook, driven by ongoing momentum in both Advertising and Subscriptions. We continued our track record of profitable growth, generating net income of $164 million, Adjusted EBITDA of $254 million, and Free Cash Flow (TTM) of $704 million – all record highs. These results reinforce our path of sustaining double-digit Platform revenue growth, expanding margins, and growing our north star metric of Free Cash Flow per share. As we look ahead, we remain focused on disciplined execution, investing in long-term growth opportunities, and creating value for our shareholders. We believe our scale, platform strategy, and financial strength position Roku to continue leading the evolution of TV streaming while delivering sustainable, long-term growth. Our pending acquisition by FOX is an extraordinary opportunity to accelerate our vision, allowing us to scale faster and innovate more aggressively for viewers, partners, and advertisers.
Dan Jedda
Fellow Shareholders, August 6, 2026, Following our outstanding results in Q1, we delivered another very strong quarter. In Q2, we grew Platform revenue 25% year over year (YoY), well ahead of our outlook, driven by ongoing momentum in both Advertising and Subscriptions. We continued our track record of profitable growth, generating net income of $164 million, Adjusted EBITDA of $254 million, and Free Cash Flow (TTM) of $704 million – all record highs. These results reinforce our path of sustaining double-digit Platform revenue growth, expanding margins, and growing our north star metric of Free Cash Flow per share.
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