Roku (ROKU) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Roku published the results on November 2, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Fox Corporation agreed on June 14, 2026 to acquire Roku for 0.9693 of a share of Fox Class A common stock plus $96.00 in cash per Roku share. Because of the pending deal, Roku did not host an earnings call or give a financial outlook for Q3 2026.
• Roku reports its results in a shareholder letter, filed as Exhibit 99.1 to its Form 8-K, and does not report an adjusted EPS figure.

Source: Roku Q3 2026 shareholder letter, November 2, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Roku splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Roku's Platform revenue was $1.3 billion in Q3 2026, up 23% from $1.1 billion in Q3 2025, 87% of total revenue.
• Roku's Devices revenue was $194 million in Q3 2026, up 33% from $146 million in Q3 2025, 13% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total net revenue and diluted EPS, each as first reported in that quarter's shareholder letter. Roku reports in thousands of dollars; figures here are converted to millions.

We do not hold a confirmed date for Roku's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 2, 2026

Roku reports two segments. Platform, which covers digital advertising and streaming services distribution (subscription revenue shares, Premium Subscriptions and Roku's own subscription services), had revenue of $1,308.3 million in Q3 2026, up 23%. Devices, the sale of Roku streaming players and Roku-made TVs, had $193.7 million, up 33%. Total net revenue was $1,502.0 million, up 24% from $1,210.6 million. (Roku Q3 2026 shareholder letter, Nov 2, 2026; Roku Form 10-K, 2025, Feb 13, 2026)

Roku's Advertising revenue rose 23% to $727.4 million because video ad impressions grew 33% on higher engagement and streaming hours, partly offset by a 7% fall in the average price per impression, which Roku tied to product and country mix. More than 80% of Roku's in-stream video ad impressions were delivered programmatically, and Roku said political advertising in Q3 exceeded the comparable quarter of the 2024 U.S. presidential election cycle. (Roku Q3 2026 shareholder letter, Nov 2, 2026; Roku Form 10-Q, Q3 2026, Nov 2, 2026)

Subscriptions revenue rose 23% to $580.9 million on a 7% increase in the number of subscriptions and a 27% increase in the average price per subscription, helped by Roku's own services, including Howdy, launched in August 2025. Subscriptions gross margin fell 1.8 points to 40.9%, and Roku named a mix shift toward Premium Subscriptions as the largest factor. (Roku Q3 2026 shareholder letter, Nov 2, 2026; Roku Form 10-Q, Q3 2026, Nov 2, 2026)

Roku's Devices revenue rose 33% to $193.7 million even though the number of devices shipped fell 21%, because the average selling price rose 71% on higher sales of Roku-made TVs. Devices revenue excludes the Roku TV models built and sold by licensed TV makers, which account for most of Roku's unit volume. Devices gross margin was (25.1%), which Roku attributed mainly to elevated memory costs. (Roku Q3 2026 shareholder letter, Nov 2, 2026; Roku Form 10-Q, Q3 2026, Nov 2, 2026)

Revenue from Roku's international markets was less than 10% of the total in each period. Streaming Hours on the platform were 39.9 billion in the quarter, up 9%, and Roku said more than 100 million households worldwide use it. (Roku Q3 2026 shareholder letter, Nov 2, 2026; Roku Form 10-Q, Q3 2026, Nov 2, 2026)

Roku's GAAP diluted EPS was $1.20 in Q3 2026, against $0.16 a year earlier, on net income of $183.3 million, up from $24.8 million. Income from operations rose to $164.1 million from $9.5 million as total gross profit grew 24% to $648.5 million and total operating expenses fell 6% to $484.4 million. Roku does not report an adjusted EPS figure; its non-GAAP profit measure is Adjusted EBITDA, which was $248.8 million. (Roku Q3 2026 shareholder letter, Nov 2, 2026)

Roku's Sales and marketing expenses fell $51.2 million, or 21%, because of $42.1 million lower marketing spend and a $19.2 million credit from buying out previously impaired floors of a corporate office. General and administrative expenses rose 17%, including $13.4 million of merger-related costs tied to the Fox transaction. Other income, net, was $23.9 million and income tax expense was $4.0 million. (Roku Form 10-Q, Q3 2026, Nov 2, 2026; Roku Q3 2026 shareholder letter, Nov 2, 2026)

Stock-based compensation, which Roku excludes from Adjusted EBITDA but which counts against GAAP EPS, was $79.3 million, down from $88.0 million. Diluted weighted-average shares were 152,636 thousand, against 151,580 thousand a year earlier. (Roku Q3 2026 shareholder letter, Nov 2, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Roku gave no financial outlook with its Q3 2026 results. Its shareholder letter says that in light of the pending acquisition by Fox, announced on June 15, 2026, it will not host an earnings call and will not provide a financial outlook. The letter says Roku remains on track for the second-half 2026 forecast it provided in the proxy statement for the deal. (Roku Q3 2026 shareholder letter, Nov 2, 2026)

Under the merger agreement Roku stockholders are to receive 0.9693 of a share of Fox Class A common stock and $96.00 in cash per share, with the stock portion set at 40% of the aggregate value of the consideration. (Roku Form 10-Q, Q3 2026, Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Roku, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Roku's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ROKU is on is ROKU a buy or a sell?, what analysts expect next is on the ROKU forecast, and what the company does is on the Roku (ROKU) stock page.

Every number on this page can be traced to a document Roku published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.