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4d ago

Roku to Acquire Frndly TV in $185 Million Deal, Expanding Affordable Streaming Offerings

The acquisition, expected to close in Q2 2025, comes as Roku reports 16% revenue growth in Q1 and narrows its net loss to $27.4 million.

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Overview

  • Roku announced its acquisition of Frndly TV for $185 million in cash, including $75 million in performance-based holdbacks over two years.
  • Frndly TV, founded in 2019, offers low-cost live TV bundles starting at $6.99 per month and specializes in sports-light entertainment packages.
  • The deal aligns with Roku’s strategy to boost platform revenue and expand its subscription offerings, leveraging Frndly TV’s expertise in direct-to-consumer services.
  • Roku reported strong Q1 2025 financial results, with a 16% year-over-year revenue increase to $1.02 billion and a reduced net loss of $27.4 million.
  • Frndly TV’s leadership team, including CEO Andy Karofsky, will remain with the company after the acquisition is finalized, expected by the end of June 2025.