Roku Reports Q4 Revenue of $1.35 Billion, Exceeding Consensus Estimate of $1.32 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2025
0mins
Should l Buy ROKU?
Q4 Revenue Expectations: The company anticipates total net revenue of approximately $1.35 billion for Q4, reflecting a 12% year-over-year growth.
Platform Revenue Growth: Platform revenue is expected to grow by 15% year-over-year, with a gross margin of around 52%, slightly improving from Q3 when excluding political advertising and the Frndly TV acquisition.
Devices Revenue Outlook: Devices revenue is projected to remain consistent with the same quarter last year, but gross margin is expected to be in the negative high 20% range due to seasonal factors.
Profit Projections: The overall trends are expected to yield a total gross profit of about $575 million and an Adjusted EBITDA of roughly $145 million for the quarter.
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Analyst Views on ROKU
Wall Street analysts forecast ROKU stock price to rise
23 Analyst Rating
19 Buy
4 Hold
0 Sell
Strong Buy
Current: 98.410
Low
100.00
Averages
123.10
High
145.00
Current: 98.410
Low
100.00
Averages
123.10
High
145.00
About ROKU
Roku, Inc. operates a television (TV) streaming platform. The Company connects viewers to the streaming content they love, enables content publishers to build and monetize large audiences, and provides advertisers with capabilities to engage consumers. The Company’s segments include platform and devices. The platform segment is engaged in the sale of digital advertising (including direct and programmatic video advertising, media and entertainment promotional spending, and related services) and streaming services distribution (including subscription and transaction revenue shares, the sale of premium subscriptions, and the sale of branded app buttons on remote controls). The devices segment is engaged in the sale of streaming players, Roku-branded TVs, smart home products and services, audio products, and related accessories. The Company sells the majority of its devices in the United States through retailers and distributors as well as through the Company’s website.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Intense Advertising Competition: Despite The Trade Desk's challenges, other major digital advertising platforms like Google, Meta, and Amazon reported strong growth in Q4, with increases of 13.6%, 24.3%, and 23% respectively, further intensifying the market pressure on The Trade Desk.
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