Citi comments on Roku (ROKU.US) Q3 financial report: Although performance is strong, with the Fox acquisition imminent, the stock price is unlikely to fluctuate significantly.

Zhitong Finance APP has learned that Citigroup released a report stating that streaming platform Roku (ROKU.US) maintained strong platform growth and profitability in the third quarter of 2026, with both total revenue and adjusted EBITDA surpassing market consensus. Citigroup maintains a “Neutral” rating on Roku and sets a target price of $157.

Data shows that Roku's total revenue for the third quarter reached $1.502 billion, exceeding the market consensus estimate by 11%; total gross profit was $647 million, 4% higher than consensus; adjusted EBITDA reached $249 million, 50% higher than the consensus estimate of $166 million, and more than double the figure from the same period in 2025 ($117 million).

By business segment, platform revenue was 2% above consensus, and gross profit was 5% higher, demonstrating strong profitability. Device revenue reached $194 million, a significant 43% increase over the consensus estimate of $135 million; however, gross profit in this segment was negative $49 million, while consensus expected negative $40 million.

Citigroup’s research report specifically mentioned the pending acquisition of Roku by Fox (FOX.US). Citigroup analysts believe that as the Fox acquisition process is underway, Roku's share price is likely to react mildly to this financial report; however, this could provide a modest boost to the equity value of Fox.