Roku’s profit soared 1,464% in the second quarter of 2026, with revenue climbing 22% to $1.35 billion, even as the streaming giant withheld its usual forecast while a $22 billion sale to Fox Corporation awaits a 2027 close.
“Our pending acquisition by FOX is an extraordinary opportunity to accelerate our vision, allowing us to scale faster and innovate more aggressively,” Roku founder and CEO Anthony Wood and chief financial officer Dan Jedda wrote in the company’s quarterly shareholder letter.
The numbers back up that confidence. Roku’s net income hit $164.2 million, or $1.08 per share, blowing past Wall Street’s estimate of 56 cents, according to TheWrap. Platform revenue, the advertising and subscription business that drives Roku’s bottom line, jumped 25% to $1.22 billion.
Movieguide® has tracked Fox’s streaming ambitions closely, from the debut of FOX One last fall to Fox’s Hulu carriage extension. The Roku deal, first announced in June, is the boldest move yet in Fox’s push to own the pipes as well as the programming that reaches American living rooms. Roku’s own platform includes a growing lineup of faith-based channels, giving families another avenue to find wholesome entertainment inside a service now bound for new ownership.
Advertising revenue rose 25% to $672.8 million and subscription revenue grew 26% to $548.2 million, Benzinga reported. Roku’s devices segment, which sells the streaming players and smart TVs bearing its name, actually saw revenue dip 1% to $133.7 million, though the unit swung to a $26.9 million profit.
Related: What We Know About Fox’s ‘New and Exciting’ Streaming Platform FOX One
Streaming hours on the platform reached 37.9 billion, up 7% year over year, fueled partly by NBA playoff games and the 2026 World Cup, Deadline reported. The Roku Channel, the company’s free ad-supported service, climbed to become the platform’s second-most-used app during the quarter. Roku also rolled out what it called its largest home screen redesign in a decade.
What Roku didn’t offer was a road map. Executives skipped the usual conference call and declined to issue guidance for the rest of the year, citing the pending Fox transaction, Variety reported. That silence contrasts with the company’s previous full-year targets of $5 billion in platform revenue and $5.5 billion overall, numbers now overshadowed by the acquisition itself.
Wall Street still liked what it saw. Roku shares closed the after-hours session at $150.55, near the top of their 52-week range, Benzinga reported.
Fox’s board agreed in June to buy Roku in a cash-and-stock deal worth roughly $22 billion, a transaction expected to close in the first half of 2027 pending regulatory approval. It’s the latest and largest step in a streaming build-out Movieguide® has followed for more than a year.
When Movieguide® covered the launch of FOX One last spring, Fox Corporation CEO Pete Distad said the goal was to “reach outside of the pay-TV bundle and deliver all the best FOX branded content directly to viewers.” Buying Roku hands Fox the actual hardware and home-screen real estate to do exactly that, folding one of the country’s most popular streaming boxes into a media company already expanding fast on its own.
For Christian families who rely on Roku to access faith-friendly programming, the coming change in ownership bears watching. Movieguide® will keep tracking how the merger shapes the content and channels available on one of the most-used streaming platforms in American homes.
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