Roku Delivers Another Stellar Quarter: Q3 Sales Soar 24% as Media and Entertainment Ad Spending Sees Biggest Growth in Four Years

Roku reported strong third-quarter results, with revenue rising 24% to $1.50 billion and net income increasing more than seven-fold to $183 million. The growth comes as Fox prepares to acquire the streaming platform company in a deal expected to close in the first half of 2027.

Platform revenue rose 23% to $1.3 billion, with advertising and subscription sales each up 23%; Roku said media and entertainment advertising had its strongest year-over-year growth in four years. Viewers streamed 39.9 billion hours, up 9%, while Devices revenue climbed 33% to $194 million but the segment recorded a $48.6 million operating loss, partly due to higher memory costs. Roku is not providing financial guidance or holding an earnings call while the Fox acquisition is pending.