Fox and Roku announced a definitive cash-and-stock agreement for Fox to acquire Roku at approximately $22 billion enterprise value, subject to shareholder, regulatory and other closing conditions; expected closing is the first half of 2027.
SourcePublic company, workplace, funding, and market signals
Updated Aug 5, 2026
Roku is a public television-streaming platform company that connects viewers, content partners, advertisers and TV manufacturers through Roku OS, streaming devices/TVs, The Roku Channel and advertising/distribution services. As of the research date, Roku had announced a definitive agreement to be acquired by Fox, expected to close in the first half of 2027; it remained a separate public company pending closing.
Primary product
Roku TV streaming platform, centered on Roku OS and the Roku Experience/Home Screen, supported by streaming players, Roku TV models, The Roku Channel and platform advertising/distribution.
Founded
2002
Headquarters
1173 Coleman Avenue, San Jose, California 95110, United States
Team size
Approximately 3,600 full-time employees as of December 31, 2025, across 15 countries
Work style
Hybrid
Industry
Software development / technology and entertainment
Sub-industry
Connected-TV operating systems, streaming media, digital advertising and consumer electronics
Offices
Business model
Leadership
Anthony Wood
Founder, Chairman and Chief Executive Officer
Dan Jedda
Chief Financial Officer and Chief Operating Officer
Roku describes its culture as entrepreneurial, execution-focused, collaborative and relatively low-hierarchy, with an emphasis on solving problems quickly, experimentation and ownership. Current job materials generally describe office work Monday through Thursday with Friday flexible remote work, subject to role and location.
Work style
Hybrid
Compensation
Public job materials indicate location-specific salary, equity and benefits packages, but no single company-wide compensation range was established. Benefits and eligibility vary by role and country.
Benefits
Pricing
Roku hardware is sold through retail and licensing arrangements; Roku OS and the basic platform experience are generally embedded with devices. The Roku Channel includes free ad-supported content plus premium subscriptions, while platform revenue comes primarily from advertising, subscription/distribution shares and related services. Howdy was launched as a $2.99-per-month SVOD service in 2025.
Differentiators
Estimated revenue
Approximately $4.7B-$5.5B annually: reported 2025 revenue was $4.737B and Roku's 2026 guidance was approximately $5.500B.
Fox and Roku announced a definitive cash-and-stock agreement for Fox to acquire Roku at approximately $22 billion enterprise value, subject to shareholder, regulatory and other closing conditions; expected closing is the first half of 2027.
SourceRoku acquired Frndly TV, strengthening its streaming-services distribution and subscription business.
SourceRoku Newsroom · Jun 2026
Fox announced a definitive $160-per-share cash-and-stock acquisition of Roku, valuing the transaction at approximately $22 billion enterprise value; closing is expected in the first half of 2027, subject to conditions.
Variety · Feb 2026
Roku reported record 2025 performance, including $4.737 billion revenue and positive full-year net income, and forecast approximately $5.5 billion revenue for 2026.
Roku Investor Relations · Feb 2026
Roku reported $4.145 billion Platform revenue, $592.4 million Devices revenue, 145.6 billion streaming hours and continued platform monetization growth.
Roku Form 10-K · May 2025
The acquisition expanded Roku's streaming-services distribution and subscription capabilities.
244 jobs at Roku
Oct 2014
Aug 2012 · News Corp
Mar 2012
Jun 2009 · Menlo Ventures
Jun 2008
Feb 2008 · Menlo Ventures
Technology
Customers
Competitors
The 2025 10-K identifies intense competition, dependence on major content partners and retailers, supply-chain and sole-source component exposure, and data-privacy/AI regulatory risks. Amazon, Best Buy, Walmart and Target represented 81% of 2025 Devices revenue.