Roku Q3 Revenue Jumps 24% to $1.5 Billion as Ad Spending Surges Before Fox Takeover

Roku delivered a standout third quarter, with revenue climbing 24% year-over-year to $1.50 billion, exceeding Wall Street forecasts. Gross profit also rose 24% to $649 million, while net income reached $183 million, underscoring the streaming platform's momentum ahead of its planned acquisition by Fox Corp. next year. The results were fueled by a broad rebound in media and entertainment advertising, which saw its strongest growth in four years, as brands shifted budgets toward connected TV. The company's ability to grow both top and bottom lines at a double-digit pace highlights its expanding role in the digital ad ecosystem. With more viewers cutting the cord, Roku has become a key gateway for advertisers seeking measurable reach. The upcoming Fox deal is expected to further scale Roku's ad inventory and content distribution, creating new opportunities for cross-platform campaigns. Investors cheered the performance, sending shares higher in after-hours trading. The strong quarter suggests Roku is well-positioned to capitalize on the ongoing shift from linear TV to streaming, even as competition intensifies. As the Fox integration approaches, all eyes will be on whether Roku can sustain this growth trajectory and deliver on the promise of a combined media powerhouse.