US EditionRoku Q1 Revenue Jumps 16%, Company to Acquire Streaming Service Frndly TV for $185 Million
- Roku reported first-quarter 2025 earnings of $1.02 billion revenue and announced a $185 million acquisition of subscription streaming service Frndly TV.
- The acquisition aligns with Roku’s strategy to expand its platform earnings and live content offerings, as evidenced by a 17% increase in platform revenue to $880.8 million in the first quarter.
- Roku expects to complete the Frndly TV deal in Q2 and forecasted about $1.07 billion revenue for that quarter, reflecting 11% year-over-year growth.
- Roku narrowed its net loss to $27.4 million or 19 cents a share in Q1, improving from a $50.9 million loss a year ago, beating analyst estimates.
- Despite macroeconomic uncertainty and a lawsuit accusation, Roku remains confident in its strategy and sees a path to positive operating income in 2026.
17 Articles
17 Articles
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