Roku Posts Strong Q2 In Wake Of Fox Deal As Platform Revenue Jump Pushes It Past Wall Street Forecasts

Roku Justin Sullivan/Getty Images Roku surged past Wall Street expectations in the second quarter, with revenue and earnings ahead of analysts’ expectations. Earnings per share hit $1.08 on a diluted basis, up from 7 cents a share in the year-earlier period. Total revenue climbed 22% to $1.35 billion, paced by a 25% rise in platform revenue driven equally by gains in advertising and subscriptions. The report is the company’s first since agreeing to be acquired by Fox Corp. in June in a proposed $22 billion deal. The companies expect the transaction to close in the first half of 2027. Citing the deal, Roku elected not to convene an earnings conference call. Related Stories Executives Nexstar CEO Says Tegna Suit Settlement Is Possible, Cites Paramount-WBD Deal As Reason Stations Need More Scale