Roku kept its streaming engines blazing in the second quarter of 2026 with earnings that blew past Wall Street estimates.
The company reported Q2 revenue of $1.35 billion, up 22%, over Wall Street estimates of $1.3 billion. Net income came in at $164.2 million (vs. net income of $10.5 million a year ago), translating to diluted earnings per share of $1.08 — double what analysts were expecting.
The earnings report is the company’s first after Fox Corp. in mid-June announced a deal to buy Roku for $22 billion, which is expected to close in the first half of calendar year 2027. Citing the pending Fox deal, Roku said it will not host an earnings call and that it is not providing financial guidance.
“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,” founder, chairman and CEO Anthony Wood and CFO/COO Dan Jedda wrote in Roku’s Q2 letter to shareholders. “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.”
For Q2, Roku’s Platform revenue increased 25%, to $1.22 billion, with gross margin of 53.0%. The top line included ad sales of $673 million (up 25%) and subscription revenue of $548 million (a 26% increase).
