Roku (ROKU) shares jumped early Friday after the streaming company posted better-than-estimated fourth-quarter results.

The streaming platform reported a nar൲rower fourth-quarter operating loss of $39.1 million versus the $104.2 million loss it posted in the same period in 2023. Revenue jumped 22% year-over-year to $1.20 billion, All the numbers beat consensus estimat🦩es from Visible Alpha. 

Roku also said it expects to be “operating income positive for🧔 full year 2026.” The stock was up about 14% in early trading.

Roku Projects First FY Outlook Since 2022 

The company projected first-quarter revenue of $1.0 billion and full year 2025 revenue at $4.61 billion. Those figures were in line with estimates but JPMorgan analysts Thursday said the company “threw a curveball and provided a 🔥year-ahead outlook for the first time since 2022.”

JPMorgan stuc🐭k with its outperform rating on Roku and raised its price target on the stock to $115 from $92 each.

Roku said in its shareholder letter that it wanted to “provide a clear and accurate outlook grounded in the latest information rather than conservatism.”

Roku said it ended 2024 with 89.8 million streaming households, and exceeded👍 90 million in the ওfirst week of January 2025.

Roku shares were down around 4% in the past 12 months through Thursday.

This article has been updated since it was first published to reflect new share-price information.