For the fourth quarter, Roku reported net revenue of $1.5 billion, up 16 percent year over year and above its guidance, and net income of $80.5 million, or 53 cents per share, also above prior guidance and Wall Street expectations.
Platform revenue made up the bulk of it, bringing in $1.2 billion, up 18 percent, as the company cited growth in video advertising, as well as improvements to the interface. In December 2025, The Roku Channel hit an all-time high, representing 6.3 percent of all TV streaming, according to the Nielsen Gauge.
Roku also saw its biggest quarter for net adds to premium subscriptions, in which users can subscribe to third-party streaming services through Roku. The company attributed the increase to holiday promotions and improvements within the Roku interface. Additionally, after establishing sports hubs on Roku, which feature Roku Channel free offerings as well as games on other subscription services, subscription sign-ups driven by these features increased nearly 75 percent year over year.
For the full year, Roku reported net revenue of $4.7 billion, up 15 percent year over year and platform revenue of $4.1 billion, up 18 percent year over year. The company also achieved positive net income for the year, hitting $88.3 billion. Total streaming hours were 145.6 billion, up 15 percent year over year.
In Q1, Roku expects net revenue of $1.2 billion and net income of $50 million. For the full year 2026, Roku is guiding to net revenue of $5.5 billion and net income of $325 million.
“We delivered excellent results in 2025, driven by consistent execution and the differentiation of our leading TV streaming platform. By expanding our Platform monetization over the last two years, we’ve unlocked new growth engines and achieved record-breaking financial performance. In 2025, we achieved positive net income, expanded Adjusted EBITDA margin by 255 basis points, and reported record Free Cash Flow (TTM), all while continuing to invest in our platform for long-term growth. We repurchased a total of $150 million of shares under our $400 million stock repurchase program, reinforcing our commitment to growing Free Cash Flow per share. Looking ahead to 2026 and beyond, we are confident in our ability to sustain double-digit Platform revenue growth while continuing to expand both operating and net income margins,” the company shareholder letter reads.
More to come.