The news: Roku delivered a better-than-expected first quarter in 2025 while acknowledging macro uncertainty; the company also announced a deal to acquire Frndly TV for $185 million.
- The low-cost live TV service will remain independently available on major platforms like Fire TV, Apple TV, and Roku devices, with its leadership team staying in place.
- Roku expects the acquisition to strengthen its subscription business and broaden its content offerings with popular linear channels like Hallmark and A&E.