The pending FOX acquisition overhangs the stock; monitor shareholder vote and regulatory approval timeline. No guidance was provided due to the transaction, so focus shifts to deal closing conditions and any competing bids.
How the stock moved after the report
⚠ Clustered BULLISH VIEWSTOCK ABOVE ENTRY AT T+5- T+0 · Nov 3 $160.36entry
- T+1 · 7d ago +1.50%α −0.15% · $162.77
- T+5 · 12h ago +0.10%α +0.69% · $160.52
- T+20 · in 21d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Roku reported Q3 2026 total net revenue of $1.502 billion, up 24% YoY, and GAAP diluted EPS of $1.20, significantly above the $0.55 consensus. Platform revenue grew 23% YoY to $1.308 billion, with both Advertising and Subscriptions segments growing 23%. The company noted its pending acquisition by Fox Corporation and provided no financial outlook.
Key Financial Metrics
Key Facts
- Total net revenue of $1.502 billion, up 24% YoY from $1.211 billion
- GAAP diluted EPS of $1.20 vs consensus estimate of $0.55
- Platform revenue of $1.308 billion, up 23% YoY
- Advertising revenue of $727 million, up 23% YoY (ninth consecutive quarter of double-digit growth)
- Subscriptions revenue of $581 million, up 23% YoY
- Total gross profit of $649 million, up 24% YoY
- Net income of $183 million vs $25 million in Q3 2025
- Adjusted EBITDA of $249 million, up 113% YoY
- Free Cash Flow (TTM) of $796 million, up 80% YoY
- Streaming Hours of 39.9 billion, up 9% YoY
- Devices revenue of $194 million, up 33% YoY
- Pending acquisition by Fox Corporation announced June 15, 2026; no earnings call or financial outlook provided
Financial Impact
Revenue beat consensus by $92M (6.5%); EPS beat consensus by $0.65 (118%); net income of $183M vs $25M in prior year
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Advertising | $727.4M | +23.0% |
| Subscriptions | $580.9M | +23.0% |
| Devices | $193.7M | +33.0% |
Risk Factors
- Pending acquisition by FOX may face regulatory or shareholder hurdles
- Devices gross margin remained deeply negative at (25.1)% due to elevated memory costs
- Subscriptions gross margin declined 180 bps YoY to 40.9% due to mix shift toward Premium Subscriptions
- No financial outlook provided; uncertainty about standalone trajectory if deal fails
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-068877 |
| Document: wk-20261102.htm | 0001628280-26-068877 |
| Document: 0001628280-26-068877-index-headers.html | 0001628280-26-068877 |
| Document: 0001628280-26-068877-index.html | 0001628280-26-068877 |
| Document: 0001628280-26-068877.txt | 0001628280-26-068877 |
| 8-K Data (Synthetic) | 0001628280-26-068877 |
Track record
47 reports on ROKU
4 of 8 bullish or bearish reports moved the stock their way by T+1. Best: +11.72% at T+60 after the Jun 15, 2026 report. 8 of 8 went positive at some point.
Filters
- Nov 6, 20264d ago 25-NSE Neutral 6/10 Entry $160.21 Now $160.52 +0.19% due Nov 10
- Nov 6, 20264d ago 8-K Mixed 8/10 Entry $160.21 Now $160.52 +0.19% due Nov 10
- Nov 3, 20267d ago Insider Cluster Neutral 2/10 Entry $162.77 to $160.37 Now $160.52 −1.38% ▼ −1.47% +2.93% vs SPY
- Nov 2, 20268d ago 144 Neutral 2/10 Entry $160.36 to $162.77 Now $160.52 +0.10% ▲ +1.50% −0.15% vs SPY
- Nov 2, 20268d ago 8-K Bullish 6/10 Viewing Entry $160.36 to $162.77 Now $160.52 +0.10% ▲ +1.50% −0.15% vs SPY
- Nov 2, 20268d ago 144 Neutral 2/10 Entry $160.36 to $162.77 Now $160.52 +0.10% ▲ +1.50% −0.15% vs SPY
- Oct 23, 202618d ago Institutional Cluster Bearish 4/10 Entry $158.58 to $157.23 Now $160.52 −1.22% ▲ +0.85% +1.56% vs SPY
- Oct 6, 20265w ago 425 Neutral 3/10 Entry $152.73 to $153.81 Now $160.52 +5.10% ▲ +0.71% +1.13% vs SPY
- Oct 6, 20265w ago 8-K Neutral 3/10 Entry $152.73 to $153.81 Now $160.52 +5.10% ▲ +0.71% +1.13% vs SPY
- Oct 5, 20265w ago Insider Cluster Neutral 3/10 Entry $152.06 to $152.73 Now $160.52 +5.56% ▲ +0.44% +0.68% vs SPY
US Market Status
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