Roku Q3 net revenue $1.5B, beats $1.41B estimate; EPS $1.20 vs $0.57

The scale of the EPS beat relative to revenue suggests the upside came less from the top line than from cost discipline or margin mix — a distinction that matters more than the headline double-beat. For a streaming platform, that gap points to operating leverage rather than demand acceleration, which is a different quality of surprise. Whether the profitability improvement is durable or reflects one-off cost timing is the open question, and it carries implications for how the streaming ad and platform segment is being valued more broadly.