Equity Profile

ROKU

Roku, Inc.

Communication ServicesMovies & Entertainment$17.3B

Apr30Thu

Post-Earnings Recap

ReportedQ1-2026After Close4:01 PM EDT

Roku Beats on EPS, Stock Up 3.5%

Metric	Actual	Expected	Surprise
EPS	$0.57	$0.35	+69.64%
Revenue	N/A	$1.2B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Roku Beats on EPS, Stock Up 3.5%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.57	$0.35	+69.64%
Revenue	N/A	$1.2B	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Roku's earnings report showed a strong performance in EPS, significantly exceeding expectations, which likely contributed to the stock's 3.5% increase. However, the lack of revenue data leaves some uncertainty about overall performance. Investors may be encouraged by the positive EPS surprise, but the absence of guidance and revenue figures could lead to cautious sentiment moving forward.

Company Snapshot

Roku, Inc. is a leading streaming platform that connects users to a wide variety of entertainment options, including movies and TV shows....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Roku is managing costs and generating revenue.

0.35

Revenue

Total revenue will provide insight into Roku's market demand and growth, especially in a competitive streaming landscape.

1.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Roku, Inc. is a leading streaming platform that connects users to a wide variety of entertainment options, including movies and TV shows. As a player in the Communication Services sector, Roku is significant for its role in the growing trend of digital streaming and consumer spending on entertainment.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+80.51%

Avg Stock Reaction

-0.10%

Last Quarter Recap

In the last quarter, Roku reported an EPS of $0.53, significantly beating estimates and showcasing strong profitability. However, the stock fell by 5.64% the following day, indicating market skepticism despite the positive earnings surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Roku to report solid earnings this quarter, with a consensus EPS of $0.35. The market is closely watching how the company maintains its growth trajectory amid increasing competition.

Bull Case

If Roku can exceed the EPS estimate and show strong revenue growth, it could signal robust demand for its platform and lead to a positive market reaction.

Bear Case

Conversely, if Roku misses on earnings or provides weak guidance, it may raise concerns about its competitive position and growth sustainability, leading to a negative response from investors.

Key Metrics to Watch

EPS

0.35

Earnings per share is a key indicator of profitability and will show how well Roku is managing costs and generating revenue.

Revenue

1.2B

Total revenue will provide insight into Roku's market demand and growth, especially in a competitive streaming landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Roku's EPS exceed the consensus estimate of $0.35?

A beat on EPS would reinforce investor confidence in Roku's profitability and growth potential.

What guidance will Roku provide for future revenue growth?

Future revenue guidance will be crucial for assessing the company's ability to compete in the streaming market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Roku's ability to leverage its platform for new revenue streams, particularly in advertising.

Supporting Evidence

Roku's recent EPS surprises indicate a potential for continued strong performance.

The options market is pricing a larger move than historical averages suggest, indicating potential for a significant reaction.

Insider selling may reflect confidence in the company's long-term strategy rather than immediate concerns.

Key Risk

If Roku's revenue growth exceeds $1.2B, it could challenge current bearish sentiments about its market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether Roku can sustain its growth in a competitive streaming environment.

Bull Confirmed If

An EPS of $0.39 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $0.25 would raise concerns about Roku's competitive position and growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±11.41%

Historical Avg

±2.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±11.4% while ROKU has averaged ±2.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.9%

30d HV

43.7%

Calls (346K)P/C Ratio: 0.62Puts (663K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$32.6M

291,238 sh

3 insiders

Net

$32.6M

Net selling

Most Active Insiders· 9 open-market trades

CEO and Chairman BODWood Anthony J.
$7.8M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Roku beats expectations, history suggests the stock could see an average one-day move of +1.21%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious, the stock may react moderately, reflecting uncertainty in future growth.

Miss

If Roku misses estimates, the stock could decline, with historical patterns suggesting an average one-day drop of -0.34%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new partnerships or content deals that could drive user engagement.
2Details on advertising revenue growth and how it impacts overall profitability.
3Insights into user growth trends and retention rates on the platform.
4Management's perspective on competition and market share in the streaming industry.
5Future guidance on revenue expectations for the upcoming quarters.

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Company Snapshot

Roku, Inc. is a leading streaming platform that connects users to a wide variety of entertainment options, including movies and TV shows....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Roku is managing costs and generating revenue.

0.35

Revenue

Total revenue will provide insight into Roku's market demand and growth, especially in a competitive streaming landscape.

1.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+80.51%

Avg Stock Reaction

-0.10%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Roku to report solid earnings this quarter, with a consensus EPS of $0.35. The market is closely watching how the company maintains its growth trajectory amid increasing competition.

Bull Case

If Roku can exceed the EPS estimate and show strong revenue growth, it could signal robust demand for its platform and lead to a positive market reaction.

Bear Case

Conversely, if Roku misses on earnings or provides weak guidance, it may raise concerns about its competitive position and growth sustainability, leading to a negative response from investors.

Key Metrics to Watch

EPS

0.35

Earnings per share is a key indicator of profitability and will show how well Roku is managing costs and generating revenue.

Revenue

1.2B

Total revenue will provide insight into Roku's market demand and growth, especially in a competitive streaming landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Roku's EPS exceed the consensus estimate of $0.35?

A beat on EPS would reinforce investor confidence in Roku's profitability and growth potential.

What guidance will Roku provide for future revenue growth?

Future revenue guidance will be crucial for assessing the company's ability to compete in the streaming market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Roku's ability to leverage its platform for new revenue streams, particularly in advertising.

Supporting Evidence

Roku's recent EPS surprises indicate a potential for continued strong performance.

The options market is pricing a larger move than historical averages suggest, indicating potential for a significant reaction.

Insider selling may reflect confidence in the company's long-term strategy rather than immediate concerns.

Key Risk

If Roku's revenue growth exceeds $1.2B, it could challenge current bearish sentiments about its market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether Roku can sustain its growth in a competitive streaming environment.

Bull Confirmed If

An EPS of $0.39 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $0.25 would raise concerns about Roku's competitive position and growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±11.41%

Historical Avg

±2.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±11.4% while ROKU has averaged ±2.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.9%

30d HV

43.7%

Calls (346K)P/C Ratio: 0.62Puts (663K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$32.6M

291,238 sh

3 insiders

Net

$32.6M

Net selling

Most Active Insiders· 9 open-market trades

CEO and Chairman BODWood Anthony J.
$7.8M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Roku beats expectations, history suggests the stock could see an average one-day move of +1.21%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious, the stock may react moderately, reflecting uncertainty in future growth.

Miss

If Roku misses estimates, the stock could decline, with historical patterns suggesting an average one-day drop of -0.34%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new partnerships or content deals that could drive user engagement.
2Details on advertising revenue growth and how it impacts overall profitability.
3Insights into user growth trends and retention rates on the platform.
4Management's perspective on competition and market share in the streaming industry.
5Future guidance on revenue expectations for the upcoming quarters.