ROKU, INC

Roku, Inc. announced that both Roku and Fox Corporation received a Second Request for additional information from the U.S. Department of Justice concerning their proposed merger. This request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The companies expect the merger to close in the first half of 2027, pending regulatory approval and stockholder votes. A joint proxy statement/prospectus has been filed and distributed to shareholders.

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.

Roku, Inc. announced strong financial results for the second quarter ended June 30, 2026, with total net revenue increasing 22% to $1.35 billion and net income soaring 1464% to $164 million. The company achieved record highs in net income, Adjusted EBITDA, and Free Cash Flow (TTM), driven by significant growth in both advertising and subscriptions. These results come as the company prepares for a pending acquisition by FOX Corporation, which was announced on June 15, 2026.

Roku, Inc. is filing this Form 8-K to reflect changes in the presentation of its financial information, specifically a change in segment reporting. Effective in the first quarter of fiscal year 2026, the company now manages and reports its operating results through three reportable segments: Advertising, Subscriptions, and Devices. This update supersedes information in certain sections of the 2025 Form 10-K, with all prior period information recast to conform to the new segment presentation, enabling incorporation by reference in future SEC filings.

Fox Corporation announced it has entered into a definitive agreement to acquire Roku, Inc. for approximately $22 billion in enterprise value. The deal, structured as a combination of cash and Fox Class A common stock, will see Roku shareholders receive $96.00 in cash and 0.9693 shares of Fox Class A common stock per Roku share. The acquisition aims to create a scaled media and technology platform by uniting Fox's content with Roku's leading streaming platform, reaching over 100 million households. Roku's stock will be delisted from Nasdaq upon completion. The transaction is subject to customary closing conditions, including shareholder and regulatory approvals, and is expected to close in the first half of 2027.

Roku, Inc. reported a strong financial performance for Q1 2026, swinging to a net income of $85.7 million from a net loss in the prior year. Total net revenue increased by 22.4% to $1.25 billion, driven by robust growth in its Platform segment. The company also repurchased $100 million of common stock during the quarter and changed its reportable segments to Advertising, Subscriptions, and Devices.

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.

Roku, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 11, 2026. Stockholders of record as of April 13, 2026, will vote on the election of three Class III directors, an advisory resolution on named executive officer compensation, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2026. The company also provided details on voting procedures and deadlines for stockholder proposals for the 2027 annual meeting.

Roku, Inc. reported strong financial performance for the fiscal year 2025, with total net revenue increasing to $4,737.3 million from $4,112.9 million in FY2024. The company achieved a net income of $88.4 million in FY2025, a substantial turnaround from a net loss of $129.4 million in the prior year. Adjusted EBITDA also saw significant growth, reaching $420.5 million, indicating improved operational efficiency and profitability.