Roku Posts Strong Q3 Results Ahead of Fox Merger

Roku just pulled in one point five billion dollars in revenue for the third quarter. That is a twenty-four percent surge from last year. Earnings per share jumped to one dollar and twenty cents compared to just sixteen cents. Streaming hours climbed to thirty-nine point nine billion. Ad revenue hit seven hundred twenty-seven million dollars. Political ads beat the numbers from the twenty-twenty-four presidential election. And here is the catch. This is all happening while a twenty-two billion dollar merger with Fox moves forward. Fox CEO Lachlan Murdoch says the deal cleared all major regulatory hurdles outside the United States. It also has shareholder approval. The Department of Justice is still reviewing the transaction. Everyone expects the final deal to close in the first half of twenty-twenty-seven.