Resources For TV Channel Developers

DATE

Thursday, April 30, 2026, at 5 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Anthony J. Wood
• Chief Financial Officer and Chief Operating Officer — Dan Jedda
• President, Roku Media — Charlie Collier
• President, Devices — Mustafa Ozgen
• Vice President, Investor Relations — Conrad Grodd

TAKEAWAYS

• Platform Revenue — $863 million, an increase of 28% year over year, driven by major sporting events and higher partner activity.
• Advertising Revenue — Grew by 27%, reflecting increased demand and success across both direct and programmatic channels.
• Subscription Revenue — Rose 30%, attributed to premium sign-ups, the launch of Apple TV and Peacock, and international expansion.
• Advertising Gross Margin — Exceeded 60%, up over 400 basis points, with management stating, “I believe this level is sustainable for the rest of this year and thereafter.”
• Subscription Gross Margin — Just above 40%, down year over year due to mix shift, with an outlook for 41%-42% for the balance of the year.
• EBITDA Margin — Nearly 12%, more than doubling from the prior year.
• Free Cash Flow — $148 million for the quarter, with a margin approaching 16%; noted as the company's second-highest on record.
• Platform Revenue Guidance — Full-year outlook increased by over $100 million, representing an approximately 3 percentage point raise to an expected 21% growth.
• Active Streaming Households — Surpassed 100 million globally, setting a major company milestone.
• Third-Party DSP Strategy — Majority of video delivery now via programmatic partners, with management highlighting growth contributions from Amazon DSP, The Trade Desk, Yahoo, FreeWheel, and new integration with DV360 through Google.
• Device Revenue — Declined 16% year over year with a negative 14% margin, primarily due to lower average selling prices (ASPs) and higher memory costs.
• Home Screen Redesign — Broad rollout imminent, with testing indicating increased customer engagement, higher monetization, and…