Roku Q1 revenue $1.02B (+16% YoY); acquires Frndly TV; reaffirms FY Platform rev $3.95B, Adj EBITDA $350M

ROKU, INC

2025-Q1 EPS reported -$0.19 revenue$1,020,672,000

Platform revenue $881M (+17% YoY), in line with outlook; Platform gross margin 52.7%.
Devices revenue $140M above outlook but gross margin negative 14% due to holiday promo carryover.
Operating loss improved to $57.7M (vs $72M Q1 2024); Adjusted EBITDA $56M.
Streaming hours 35.8B (+5.1B YoY); The Roku Channel #2 in U.S. by engagement.
Acquired Frndly TV (subscription streaming service) to boost Platform revenue and Roku-billed subscriptions.

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