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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
16. SEGMENT INFORMATION
An operating segment is defined as a component of an entity for which discrete financial information is available that is evaluated regularly by the CODM for purposes of allocating resources and evaluating financial performance. The Company’s CODM is its Chief Executive Officer. The CODM evaluates performance and makes decisions about allocating resources to its operating segments based on financial information presented on a consolidated basis and on gross profit for each operating segment.
Beginning in the first quarter of 2026, the Company changed its internal reporting structure and the CODM began receiving disaggregated financial information that allows him to allocate resources and evaluate performance between three operating segments: Advertising, Subscriptions, and Devices. As such, the Company now has three reportable segments. The Company’s prior period amounts have been retrospectively adjusted to reflect the disaggregation of the Company’s previous Platform operating segment into the Advertising and Subscriptions operating segments. There are no changes to the consolidated financial statements for any prior periods.
Descriptions of the Company’s three reportable segments are as follows:
Advertising
Advertising revenue is generated from the sale of digital advertising, including direct and programmatic video advertising, ads integrated into the Company’s user interface (“UI”), and related services.
Subscriptions
Subscriptions revenue is generated from the sale of subscriptions to end users, including the sale of Premium Subscriptions, the sale of owned and operated subscription services, and revenue from content distribution arrangements, which primarily includes subscription revenue shares from content partners and the sale of branded app buttons on remote controls.
Devices
Devices revenue is generated from the sale of streaming players, Roku-made TVs, smart home products and services, audio products, and related accessories.
For all reportable segments, Cost of revenue is the significant segment expense that is regularly provided to the CODM. The Company reports its financial results consistent with the manner in which financial information is viewed by management for decision-making purposes. The Company does not manage operating expenses such as research and development, sales and marketing, and general and administrative expenses at the segment level. The Company does not allocate property and equipment or any other assets or capital expenditures to reportable segments.
The following table presents financial information for each of the Company’s reportable segments (in thousands):
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Advertising
Net revenue$672,816 $539,053 $1,285,521 $1,021,876 
Cost of revenue252,778 237,405 494,514 449,829 
Gross profit420,038 301,648 791,007 572,047 
Subscriptions
Net revenue548,153 436,418 1,066,678 834,412 
Cost of revenue321,439 240,390 626,848 444,472 
Gross profit226,714 196,028 439,830 389,940 
Devices
Net revenue133,721 135,567 251,370 275,422 
Cost of revenue106,777 135,585 243,575 294,706 
Gross profit (loss)26,944 (18)7,795 (19,284)
Total
Net revenue1,354,690 1,111,038 2,603,569 2,131,710 
Cost of revenue680,994 613,380 1,364,937 1,189,007 
Gross profit$673,696 $497,658 $1,238,632 $942,703