Roku (ROKU) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to a loss of $0.19 per share a year ago.
Roku posted strong first-quarter results paced by a 27% rise in advertising revenue. Starting in the quarter, the streaming provider began breaking out ad revenue as a category within overall platform revenue. Ad revenue totaled $612.7 million. Revenue hit $1.25 billion, up 22% and a bit better than Wall Street analysts' consensus estimate.
Roku raised its annual platform revenue forecast on Thursday, signaling confidence that advertisers will continue to spend on its streaming platform, sending its shares up 12% in extended trading.
Roku's latest streaming bet is off to a solid start. Its affordable subscription service, Howdy, has now passed 1 million subscribers, according to data from research firm Antenna.
Peacock Premium Plus is the latest Roku Channel premium subscription.
Streaming stock Roku Inc (NASDAQ:ROKU) has pulled back slightly from its April 21, roughly four-year high of $120, last seen down 1.2% to trade at $112.97.
ROKU heads into Q1 earnings with robust revenue growth and strong platform momentum, but device weakness and a premium valuation cloud the outlook.
Roku Inc (NASDAQ:ROKU) is heading into its first-quarter earnings report with momentum and at least one Wall Street firm thinks the streaming platform is poised to beat expectations yet again. Jefferies is reiterating its Outperform rating and $140 price target on the stock ahead of Roku's Q1 2026 results, due out Thursday after market close.
Get a deeper insight into the potential performance of Roku (ROKU) for the quarter ended March 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Roku‘s (NASDAQ:ROKU | ROKU Price Prediction) stock earned a strong endorsement from a major analyst firm on Friday.
Roku (ROKU) closed at $114.96 in the latest trading session, marking a -2.86% move from the prior day.
Roku (NASDAQ:ROKU | ROKU Price Prediction) stock picked up a price target raise from Guggenheim on Wednesday, with the firm lifting its target to $130 from $115 while maintaining a Buy rating.