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Roku Q1 Revenue Jumps 16%, Company to Acquire Streaming Service Frndly TV for $185 Million
Roku turned in Q1 2025 earnings that edged over Wall Street forecasts and announced a $185 million deal to buy streaming service Frndly TV.
“Frndly TV’s impressive growth and expertise in direct-to-consumer subscription services make it a compelling addition to Roku,” said Anthony Wood, Founder and CEO of Roku, Inc. “This acquisition supports our focus on growing platform revenue and Roku-billed subscriptions, with a live content offering our users love at an industry-leading price point.” Frndly TV’s team, including its experienced leaders, will stay on after the transaction closes. Looking ahead, Roku said that “While there is more macro uncertainty than normal, we are providing our best outlook based on our current visibility and what we are observing in our business.” For Q2, it estimates total net revenue will be about $1.070 billion, representing 11% year-over-year growth. Last week, Roku unveiled a new series of streaming players, Roku-made TVs and updated features including the addition of a “Coming Soon to Theaters” row and personalized sports highlights to its interface.
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