Roku posts record Q2 net income, beats revenue forecasts

Roku reported strong second-quarter financial results on Thursday, August 6, 2026, significantly exceeding Wall Street expectations as it awaits a pending acquisition by Fox Corp. The streaming platform announced record quarterly net income of $164.2 million, a dramatic increase from $10.5 million a year earlier, with diluted earnings per share of $1.08.

Total revenue for the quarter grew 22% year-over-year to $1.35 billion, surpassing analyst estimates. The performance was driven by the company's platform business, where revenue increased 25% to $1.22 billion. Within that segment, advertising revenue rose 25% to $673 million and subscription revenue climbed 26% to $548 million. Company executives cited major sporting events, including the FIFA World Cup and NBA playoffs, as key drivers for advertising sales and viewer engagement during the period.

The earnings report is the first since Fox Corp. announced in mid-June an agreement to acquire Roku for $22 billion. The transaction is expected to close in the first half of 2027. Citing the pending deal, Roku did not hold a customary earnings conference call with analysts and did not provide updated financial guidance.