Roku posted solid first-quarter results, topping $1 billion in revenue and narrowing its losses.
The company posted a loss of 19 cents a share on a diluted basis, which beat Wall Street forecasts and showed improvement from the year-earlier loss of 35 cents. Revenue also nipped expectations, coming in at $1.02 billion, up 16% from the same period in 2024.
Platform revenue climbed 17% over the year-ago period to hit $881 million, with gross margins of 52.7%. Video advertising and streaming services distribution activities are growing faster than overall Platform revenue, the company said.
As media and tech companies offer a glimpse of how advertising and electronic goods are holding up in a turbulent economy, Roku looks to be a company with some exposure to the turmoil. While streaming is largely protected, as Netflix demonstrated in its quarterly report last month, Roku is in the hardware
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