Roku Saw a 17% Rise to Nearly 36 Billion Streaming Hours in First Quarter

Roku posted its earnings results for the first quarter of 2025 on Thursday. The streamer continued to expand its viewership as total net revenue increased 16% year-over-year. The company boasted that developments on the content discovery side led to increases in engagement, ad reach and subscriptions.

Roku saw increases in revenue generated from both its platform and devices sides, but platform saw more of a lift. Platform revenue for the first quarter of 2025 totaled $881 million, a 17% increase. As for device revenue, that totaled roughly $140 million, an 11% increase. Platform revenue was in line with the company’s expectations. However, video advertising and distribution activities related to streaming services grew faster than overall platform revenue.

Here are the top-line results:

Net loss: $27.4 million, compared to a net loss of $50.6 million a year ago.

Earnings per share: A loss of 19 cents per share, compared to a loss of 27 cents per share estimated by analysts surveyed by Zacks Investment Research.

Revenue: $1.02 billion, up 16% year over year.

Operating loss: $57.7 million, compared to $72 million a year ago.

Streaming Hours: 35.8 billion total streaming hours during the quarter, up 5.1 billion hours year-over-year.

Looking ahead, the company reaffirmed that it expects 2025 revenue to be $3.95 billion and Adjusted EBITDA to be $350 million. This may change as Roku monitors the macro environment.

In 2024, the company continued to make progress toward profitability, narrowing its net loss to $129.3 million for the year. During that time frame, the company also increased its penetration in the U.S., surpassing half of all broadband households.

More to come …

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