Roku Q2 Revenue Beats on Sports and Subscriptions, Shares Near 52-Week High
ROKU sits 91% above its 52-week low of $78.53.
Summary
Roku delivered Q2 revenue of $1.35 billion, beating the $1.30 billion consensus, with adjusted EPS of $1.08. The beat was fueled by sports content and premium subscriptions, alongside higher-margin ad products. This follows the June announcement of Fox's $22 billion acquisition at $160 per share — the stock is now trading near that level at $150.26, close to its 52-week high. The company flagged political ad spend weighted toward late Q3 and Q4, and plans to roll out its new Home Screen internationally. With the acquisition pending, these results reinforce Roku's standalone momentum heading into the deal close.
At the time of this announcement, ROKU was trading at $150.26 on NASDAQ in the Technology sector, with a market capitalization of approximately $22.3B. The 52-week trading range was $78.53 to $150.61. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.