Roku platform revenue rises ahead of Fox takeover
August 7, 2026 12.55 Europe/London By Julian Clover


Roku reported another strong quarter ahead of its planned acquisition by Fox Corporation, with platform revenue up 25% year-on-year to $1.22 billion.

Total net revenue increased 22% to $1.35 billion in Q2 2026, while net income rose to $164 million. Adjusted EBITDA reached $254 million and trailing 12-month free cash flow was $704 million, both record highs for the company. Streaming hours increased 7% to 37.9 billion.

The results come after Fox agreed in June to acquire Roku for $160 per share in a cash-and-stock transaction valuing the streaming platform at around $22 billion. Roku said the pending deal meant it would not hold an earnings call or provide financial guidance.

Roku said the acquisition would allow it to “scale faster and innovate more aggressively” for viewers, partners and advertisers. Fox has said the deal will combine its sports, news and entertainment content, including Tubi, with Roku’s connected TV platform, first-party data and direct relationship with more than 100 million global streaming households.

Product development remains central to Roku’s growth story. The company has begun rolling out its biggest home screen update in more than a decade, focused on personalisation, discovery and monetisation. The US rollout was completed early in Q3, with international markets to follow in the coming months.

Roku is also adding more AI to search, including support for broader and more conversational queries based on mood and context. It said the changes should support subscription conversion, retention, streaming hours and advertising performance over time.

Advertising revenue rose 25% to $673 million, helped by video advertising growth, programmatic demand and higher-margin Roku Experience ad products. Roku said its first global sports activation ran during the World Cup across multiple international markets.

Subscriptions revenue increased 26% to $548 million. The launch of Fox One and Peacock within Roku Premium Subscriptions brought World Cup coverage to The Roku Channel in English and Spanish in the US, while international World Cup access was available through Roku-billed services including Vix, TSN, Paramount+ and Globoplay. Roku said the tournament drove hundreds of thousands of sign-ups in Q2.

The company also added pause and resume features for live programming in Fox One, Apple TV and Peacock, with more DVR features planned. Its low-cost SVOD service Howdy launched in Mexico and has also been made available through Prime Video and standalone mobile apps.

Roku says it is the leading TV streaming platform in the United States, Canada and Mexico by hours streamed, with licensed Roku TV models sold in more than 15 countries.