ROKU — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• On June 14, 2026, we entered into the Merger Agreement with Fox. Refer to Note 1 of the Notes to Condensed Consolidated Financial Statements for additional information regarding the transaction.

• (1) The merger-related costs for the three and six months ended June 30, 2026 were related to our proposed transaction with Fox. Refer to Note 1 to our condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report.

• Advertising revenue increased by $263.6 million, or 26%, during the six months ended June 30, 2026 as compared to the six months ended June 30, 2025, primarily due to an increase in video ad impressions delivered. Video impressions increased by 48%, driven by higher user engagement and growth in str…

• Subscriptions revenue increased by $111.7 million, or 26%, during the three months ended June 30, 2026 as compared to the three months ended June 30, 2025, primarily due to a 11% increase in the number of subscriptions and a 25% increase in the average price per subscription. Additionally, the 26% g…

• Subscriptions revenue increased by $232.3 million, or 28%, during the six months ended June 30, 2026 as compared to the six months ended June 30, 2025, primarily due to a 11% increase in the number of subscriptions and a 26% increase in the average price per subscription. Additionally the 28% growth…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• our GAAP financial information, such as GAAP net income (loss). In addition, Adjusted EBITDA may not be comparable to similarly titled metrics of other companies due to differences in methods of calculation.

• reversed within the next twelve months. The exact timing and amount of the valuation allowance release are subject to change based on the level of profitability that the Company actually achieves.

• Subscriptions revenue increased by $120.5 million, or 30%, during the three months ended March 31, 2026 as compared to the three months ended March 31, 2025, primarily due to a 12% increase in the number of subscriptions and a 22% increase in the average price per subscription. Included within these…

• Devices revenue decreased by $22.2 million, or 16%, during the three months ended March 31, 2026 as compared to the three months ended March 31, 2025. The decrease in revenue is primarily due to lower sales of streaming players. During the three months ended March 31, 2026, the average selling price…

• Cost of revenue, advertising increased by $29.3 million, or 14%, during the three months ended March 31, 2026 as compared to the three months ended March 31, 2025. The increase was primarily driven by a $39.8 million increase in the costs of acquiring and delivering licensed content for TRC due to a…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• •closing conditions not being satisfied, causing delays, reduced deal benefits, or abandonment of the Mergers;

• •relationship disruption, management distraction, and negative publicity or legal proceedings affecting operating results and ongoing business;

• •unrealized or delayed transaction benefits or integration challenges affecting post-closing value;

• •restrictions on our ability to pursue alternative transactions;

• •reduced ownership and voting power of our stockholders following the transaction;

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• In addition, we compete for Streaming Hours with many TV brands, including certain of our existing TV partners, that offer their own TV streaming solutions within their TVs, mobile streaming applications on smartphones and tablets, and other devices and platforms, such as game consoles with TV strea…

• operators, such as Comcast and Charter Communications (and their joint venture, Xumo, LLC), offer TV streaming applications and devices as part of their cable service plans and can leverage their existing user bases, installation networks, broadband delivery networks, and name recognition to gain tr…

• Our business model depends on our ability to generate Platform revenue from advertisers and content partners. We generate Advertising revenue from the sale of digital advertising (including direct and programmatic video advertising, ads integrated into our UI, and related services) and Subscriptions…

• Premium Subscriptions, and the sale of owned and operated subscription services) and the sale of branded app buttons on remote controls. As such, we are seeking to expand our user base and increase Streaming Hours in an effort to create additional Platform revenue opportunities. As our user base gro…

• our users and advertisers. We also assume risks associated with content production, such as completion and key talent risks, and the risk of litigation and claims related to our content production.