Roku Inc-A 2025年季度报告

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedJune 30, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transion period fromtoCommission File Number:001-38211 Roku, Inc. (Exact name of registrant as specified in its charter) 26-2087865 (I.R.S. EmployerIdenficaon No.) 1173 Coleman AvenueSan Jose,California95110(Address of principal execuve offices including zip code) Indicate by check mark whether the registrant (1) hasfiled all reports required to befiled by Secon 13 or 15(d) of the Securies Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject tosuchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submied electronically every Interacve Data File required to be submied pursuant to Rule405 of Regulaon S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reporng company,or an emerging growth company. See the definions of “large acceleratedfiler,” “acceleratedfiler,” “smaller reporng company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☒Non-acceleratedfiler☐Emerging growth company☐ Smaller reporng company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transion period for complying withany new or revisedfinancial accounng standards provided pursuant to Secon 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of June30, 2025, the registrant had130,251,569shares of Class A common stock, $0.0001 par value per share, and17,079,064shares of Class Bcommon stock, $0.0001 par value per share, outstanding. Table of Contents PART I.FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperaonsCondensed Consolidated Statements of Comprehensive Income (Loss)Condensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial Statements1. The Company2. Summary of Significant Accounng Policies3. Revenue4. Business Combinaon5. Goodwill and Intangible Assets6. Balance Sheet Components7. Content Assets8. Strategic Investments9. Fair Value Disclosure10. Leases11. Debt12. Stockholders’ Equity13. Commitments and Conngencies14. Income Taxes15. Net Income (Loss) Per Share16. Segment Informaon17. Restructuring Charges18. Subsequent EventItem 2.Management’s Discussion and Analysis of Financial Condion and Results of OperaonsItem 3.Quantave and Qualitave Disclosures About Market RiskItem 4.Controls and ProceduresPART II.OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securies and Use of ProceedsItem 3.Defaults Upon Senior SecuriesItem 4.Mine Safety DisclosuresItem 5.Other InformaonItem 6.ExhibitsSignatures Table of Contents GLOSSARY OF SELECTED TERMS As used in this Quarterly Report on Form 10-Q (“Quarterly Report”), unless the context otherwise requires, references to thefollowing terms have the respecve meaning as defined below. Ad-supported Video on Demand (AVOD): Streaming content supported by adversing that does not charge a fee to the viewer. Apps: Primarily refers to the direct-to-consumer streaming applicaons on the Roku plaorm (e.g., The Roku Channel or Nelix). Wealso use “apps” to refer to mobile applicaons (such as our Roku Smart Home app). Average Revenue per User (ARPU):Plaorm revenue for the trailing four quarters divided by the average of the number ofStreaming Households at the end of the current period and the end of the corresponding period in the prior year. Demand-side plaorm (DSP):Programmac adversing technology that allows adversers and adversing agencies to buyadversing inventory across mulple plaorms and publishers through one interface. FAST:Free, ad-supported linear streaming TV, which does not include on-demand content. Licensed Roku TV partners:TV original equipment manufacturers (“OEMs”) that license the Roku TV OS and leverage our smart TVreference designs to build TVs. Linear TV:A TV format that provides programming at specifically scheduledmes. Premium Subscripons:Subscripon-based streaming services from content partners (e.g., Paramount) offered through The Roku Roku Experience: The user experience on the Roku plaorm, represenng all the features that Roku builds and operates to engage,delight, and he