Roku beats Q1 earnings estimates with strong ad revenue and raises full-year outlook

Roku reported better-than-expected Q1 2026 results, with adjusted earnings of $0.57 per share surpassing estimates of $0.33 and revenue rising 22.4% to $1.25 billion. The growth was driven by its platform segment, especially advertising revenue which increased 27% to $613 million. Profitability improved significantly with net income of $86 million and adjusted EBITDA up 165% year over year. Roku also raised its full-year revenue outlook to $5.5 billion and expects continued margin expansion, signaling confidence in sustained platform growth and free cash flow targets by 2028.