Roku exceeded Wall Street expectations with a 16% revenue increase in the first quarter of 2025, reaching $1.02 billion in total revenue.
The company also announced its acquisition of the streaming service Frndly TV for a significant $185 million, expanding its content offerings.
Despite a net loss, it was considerably less than the previous year, showing positive financial improvement and exceeding analyst predictions.
This strategic move strengthens Roku's platform revenue and subscription services, positioning them for continued growth in the competitive streaming market.
