As Roku’s Merger With Fox Clears More Hurdles, Streaming Provider Delivers Strong Q3 Results

As its pending $22 billion merger with Fox Corp. inches continues to wind its way through the regulatory process, Roku delivered strong third-quarter results Monday.

Total revenue in the July-to-September period surged 24% from the prior-year period to hit $1.5 billion, with earnings per share zooming to $1.20 from 16 cents in the same frame of 2025.

When Fox reported its results earlier in the day, CEO Lachlan Murdoch said the merger has cleared all major regulatory hurdles outside the U.S. and also has received shareholder approval. The Department of Justice’s antitrust division is currently reviewing the transaction, which is expected to close in the first half of 2027.

“[We] expect to close the transaction as soon as we can,” Murdoch said on the Fox earnings call with Wall Street analysts, adding that the company’s “conviction in the opportunity has only grown.”

Streaming hours on Roku TVs and connected devices climbed 9% to 39.9 billion, while advertising, subscription and platform revenue all jumped more than 20%. Ad revenue increased 23% to $727.4 million.

“Similar to Q2, political advertising on the Roku platform in Q3 exceeded the comparable quarter from the 2024 U.S. presidential election cycle,” the company wrote in its shareholder letter. “The Media & Entertainment vertical also continued to strengthen, and Q3 was the highest YoY revenue growth in four years as media companies invested on the Roku platform to promote their content and services.”