Roku Posts 16% Q4 Revenue Growth to $1.38B and Projects $5.5B for 2026
Roku delivered Q4 revenue of $1.38 billion, up 16% year-over-year, and generated $66 million in operating income versus a $39 million loss a year earlier after beating adjusted EPS estimates with $0.53. Management forecast 2026 revenue of $5.5 billion and expects continued double-digit platform growth with 51–52% gross margins.
1. Fourth-Quarter Earnings Beat
Roku reported Q4 adjusted EPS of $0.53, nearly double the $0.27 consensus, on revenue of $1.38 billion, marking 16% year-over-year growth driven by strength in advertising and distribution services.
2. Profitability Milestone
The company generated $66 million in operating income versus a $39 million loss in the prior year, with platform revenue rising 18% to $1.22 billion and device sales up 3% to $171 million.
3. Upbeat 2026 Guidance
For fiscal 2026, management projects total revenue of $5.5 billion, anticipates 18% platform revenue growth to $4.89 billion, targets 51–52% gross margins, and expects to serve 100 million streaming households globally.
4. Market Response
Shares of Roku jumped roughly 8% intraday, reflecting investor confidence in the beat-and-raise results and robust 2026 outlook.