Roku reported strong second quarter earnings on Thursday, which saw the company turn a quarterly profit of $10.5 million as revenue rose 15% to $1.1 billion. On the stronger-than-expected results, the company raised its full 2025 outlook for Platform revenue to $4.

Roku topped Wall Street estimates for second-quarter revenue on Thursday, helped by its expanding user base and advertising sales, sending its shares up 8% in trading after the bell. Analysts expect connected TV to be one of the fastest-growing ad media outlets over the next three to five years as ad budgets shift from linear TV to streaming,