Roku posted solid first-quarter results, topping $1 billion in revenue and narrowing its losses.
The company posted a loss of 19 cents a share on a diluted basis, which beat Wall Street forecasts and showed improvement from the year-earlier’s loss of 35 cents. Revenue also nipped expectations, coming in at $1.02 billion, up 16% from the same period in 2024.
As media and tech companies offer a glimpse of how advertising and electronic goods are holding up in a turbulent economy, Roku looks to be a company with some exposure to the turmoil. While streaming is largely protected, as Netflix demonstrated in its quarterly report last month, Roku is in the hardware business, at least via licenses to smart-TV makers. It also has partnerships with China-based companies.
“We remain vigilant and adaptable as market conditions evolve,” founder and CEO Anthony Wood and CFO Dan Jedda wrote in their quarterly letter to shareholders. “While uncertainty remains, we are confident in our strategy and continue to see a path to achieving positive operating income in 2026.
MORE to come …
