Roku reports Q3 EPS 16c, consensus 9c

Reports Q3 revenue $1.21B, consensus $1.21B. The company said, “We delivered strong Q3 results, achieving positive operating income ahead of schedule and for the first time since 2021. Platform revenue grew 17% YoY, driven by strength in streaming services distribution and video advertising activities. We deepened integrations with third-party ad demand and measurement platforms, grew Roku (ROKU)-billed subscriptions, and enhanced our Home Screen and the overall Roku Experience. We also repurchased $50 million of our common stock under the $400 million stock repurchase program and are increasing our full year outlook. All of this reinforces our commitment to delivering long-term shareholder value by growing free cash flow per share. Looking ahead, we are confident in our ability to deliver double-digit Platform revenue growth while increasing operating margins in 2026 and beyond.”