"Platform revenue reached $863 million, an increase of 28% year over year, driven by major sporting events and higher partner activity, showcasing strong market demand."
"Advertising revenue grew by 27%, reflecting increased demand and success across both direct and programmatic channels, indicating a robust advertising strategy."
"Subscription revenue rose 30%, attributed to premium sign-ups, the launch of Apple TV and Peacock, and international expansion, highlighting effective growth initiatives."
"Active streaming households surpassed 100 million globally, setting a major company milestone and demonstrating significant user engagement and market penetration."
Roku reported a platform revenue of $863 million, marking a 28% year-over-year increase. Advertising revenue grew by 27%, while subscription revenue rose by 30%. Advertising gross margin exceeded 60%, and subscription gross margin was just above 40%. EBITDA margin nearly doubled to 12%, with free cash flow reaching $148 million. The company surpassed 100 million active streaming households globally. Device revenue declined by 16% due to lower average selling prices and higher memory costs. A home screen redesign is set for broad rollout, showing promising customer engagement.
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