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Roku 8-K Report, Regulation FD Disclosure (Apr 13, 2026)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed April 13, 2026
Period End
April 13, 2026
Security
ROKU
In the record · 2017–202610-K910-Q288-K95

ROKU filed 9 annual reports (10-K), 28 quarterly reports (10-Q) and 95 current reports (8-K) between 2017 and 2026.

  1. Material agreement8-K · Nov ’19Nov ’19
  2. Leadership change8-K · Jan ’22Jan ’22
  3. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed April 13, 2026. Cited figures are marked; the original filing is the authoritative source.

Roku, Inc. will split its current "Platform" reportable segment into two segments, "Advertising" and "Subscriptions," beginning with its financial results for the quarter ended March 31, 2026, which the company will report on April 30, 2026.

The company states the change has no impact on its consolidated results. Advertising includes direct and programmatic video advertising, ads integrated into the user interface, and related services. Subscriptions includes end-user subscriptions, subscription revenue shares from content partners, Premium Subscriptions, owned and operated subscription services, and branded app buttons on remote controls.

To help investors compare historical results with future reporting under the new structure, Roku furnished supplemental financial information in Exhibit 99.1 for the years ended December 31, 2024 and 2025 and quarterly information for 2025. That exhibit shows FY2025 total net revenue of $4,737.3 milliona, up from $4,112.9 million in FY2024, with Advertising revenue of $2,327.8 million (versus $2,065.3 million) and Subscriptions revenue of $1,817.1 million (versus $1,457.5 million). Net income was $88.4 million in FY2025 compared with a net loss of $129.4 million in FY2024, and the loss from operations narrowed to $5.6 million from $218.2 million.

Profitability metrics improved over the period. Adjusted EBITDA was $420.5 millionb in FY2025 (8.9% margin) versus $260.2 million (6.3% margin) in FY2024, and trailing-twelve-month free cash flow was $483.6 million at year-end 2025 versus $203.2 million a year earlier.

Gross margins were mixed by segment: Advertising gross margin was 57.8% in FY2025 versus 57.9% in FY2024, while Subscriptions gross margin declined to 44.6% from 47.3%. Devices remained at a gross loss of $82.0 millionc in FY2025 compared with $80.3 million in FY2024.

02—Key points

Key Highlights

  1. Roku will split its Platform segment into two reportable segments, Advertising and Subscriptions, starting with Q1 2026 results to be reported April 30, 2026.
  2. The segment change has no impact on Roku's consolidated results, according to the company.
  3. FY2025 total net revenue was $4,737.3 million, compared with $4,112.9 million in FY2024.
  4. FY2025 Advertising revenue was $2,327.8 million and Subscriptions revenue was $1,817.1 million, compared with $2,065.3 million and $1,457.5 million in FY2024.
  5. Net income was $88.4 million in FY2025, compared with a net loss of $129.4 million in FY2024; loss from operations narrowed to $5.6 million from $218.2 million.
  6. Adjusted EBITDA rose to $420.5 million (8.9% margin) in FY2025 from $260.2 million (6.3% margin) in FY2024.
  7. Subscriptions gross margin declined to 44.6% in FY2025 from 47.3% in FY2024, while Advertising gross margin was 57.8% versus 57.9%.

03—Questions

Frequently Asked Questions

  1. What is changing in Roku's segment reporting?

    Roku will split its current Platform segment into two reportable segments: Advertising, which includes direct and programmatic video advertising, ads integrated into the user interface, and related services; and Subscriptions, which includes end-user subscriptions, content partner subscription revenue shares, Premium Subscriptions, owned and operated subscription services, and branded app buttons on remote controls. The new structure takes effect with results for the quarter ended March 31, 2026.

  2. Does the segment change affect Roku's consolidated financial results?

    No. The company states that the change has no impact on its consolidated results. It reflects changes in internal reporting and in the information reported to the Chief Executive Officer, who is the Chief Operating Decision Maker.

  3. What historical information did Roku provide to help with comparisons?

    Exhibit 99.1 furnishes supplemental annual financial information for the years ended December 31, 2024 and 2025 and quarterly information for 2025. It includes revenue, gross profit, gross margin, operating expenses, net income (loss), Adjusted EBITDA, and free cash flow, broken out by Advertising, Subscriptions, Platform, and Devices.

  4. How did Roku's profitability and cash flow change in FY2025 compared with FY2024?

    Net income was $88.4 million in FY2025 versus a net loss of $129.4 million in FY2024. Adjusted EBITDA increased to $420.5 million from $260.2 million, and trailing-twelve-month free cash flow was $483.6 million at year-end 2025 compared with $203.2 million a year earlier. Devices continued to report a gross loss of $82.0 million in FY2025.

04—Continue

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