Roku (ROKU) shares jumped over 13% premarket on Friday after the streaming platform beat Wall Street expectations with its fourth-quarter results and issued an upbeat 2026 growth outlook.
The company reported a net profit of $80.5M, or $0.53 per share, in Q4, reversing a net loss of $35.5M a year earlier. Revenue rose 15.8% year over year to $1.39B, driven by an 18% increase in Platform segment revenue to $1.224B and a 3% gain in Devices revenue to $171M.
For full-year 2025, Roku generated a net profit of $88.36M (vs. a net loss of $129.38M in 2024) on total revenue of $4.737B (+15% Y/Y). The Platform segment—which includes advertising and streaming distribution—posted strong results in 2025, with revenue rising 18% to $4.145B. Growth was fueled by record fourth-quarter premium subscription net adds, driven in part by holiday promotions.
Streaming activity continued to climb in 2025, with users logging a total of 145.6B streaming hours for the year—up 15% from 2024. The company said it remains on pace to reach a key milestone of 100M global streaming households in 2026.
Looking ahead, Roku expects total revenue of $5.500B (vs. $5.48B estimated), gross profit of $2.435B, and adjusted EBITDA of $635M for full-year 2026. Platform revenue is projected to grow 18% Y/Y to $4.89B, while Devices revenue is seen growing low-single digits Y/Y to $610M.
“We are maintaining our focus on operational discipline, while continuing to invest in Platform growth. For OpEx, we expect it to be more heavily weighted in the second half of the year due to shifting retail distribution spend, but we still anticipate mid-single-digit YoY growth for the full year. We are executing against our strategy and enter 2026 well-positioned to drive sustained double-digit Platform growth and improving profitability,” the company said.