$ROKU

Fox Corporation Class B (FOX) reported Q1 revenue of $4.57B, adjusted EPS of $2.54, and 54% adjusted EBITDA growth. Its Roku acquisition awaits DOJ review after shareholder and regulatory approvals. FOX One gained subscribers, mostly without traditional cable. JPMorgan raised its price target to $83.

Roku reported Q3 hardware losses doubling to $48.6M due to AI chip shortage, with negative 25.1% gross margin. Despite a 33% revenue increase from price hikes, hardware losses remain significant. Roku's net income rose to $183.3M, with total revenue at $1.5B.

Roku will remove its Aquatic Life screensaver by December 1, 2026, switching users to Roku City. The move may be due to licensing issues following its $22 billion acquisition by Fox, which is still pending regulatory approval. Users have expressed disappointment, and some speculate it could increase ad exposure. Roku has not confirmed the reason for the removal.

Palantir (PLTR) shares fell 2% despite 96% revenue growth. Kirkland Lake (KLDC) reported high-grade gold findings. Sigma Lithium (SGML) upsized a $125M bond offering. Apple (AAPL) shares dropped 2% on mixed quarterly results. Match Group (MTCH) missed earnings estimates. OrganiGram (OGI) to acquire Aurora Cannabis (ACB) for C$561M. Roku (ROKU) ad revenue up 23%. ON Semiconductor (ON) raised Q4 earnings forecast. Shopify (SHOP) beat earnings but missed revenue forecasts.

Apple (AAPL) fell in after-hours trading despite beating estimates, citing China revenue misses and rising costs. Analysts upgraded AON, Bloom Energy, Cloudflare, and SiriusXM, while downgrading Chevron, Marvell, Lumentum, Merck, and Roku. Markets remain volatile ahead of key economic data.

Rosenblatt downgraded Roku to Neutral from Buy, maintaining a $160 price target, implying a 2.9% upside from the Nov 2 close of $155.52.

Needham maintained a Buy rating and $170 price target on Roku (ROKU). The stock has risen 560% since its IPO, with 23% ad and subscription revenue growth in Q3 2026. Roku's market cap is $23.1B, and its P/E ratio is 67. Fox agreed to acquire Roku for $160 per share, valuing it at $22B. Seaport downgraded Roku to Neutral, while JPMorgan initiated coverage with a Neutral rating and $160 target.

Fox's $22B acquisition of Roku may clear Justice Department scrutiny under a consent decree, despite opposition from a Trump ally. Fox plans to run both businesses separately. The deal faces concerns from rivals about potential favoritism. The DOJ declined to comment, emphasizing affordability priorities. Fox and Roku did not comment on the terms. (280 characters)

Apple reported Q4 earnings of $2.10 per share, beating estimates by $0.12, and revenues of $114.4 billion, exceeding expectations. iPhone sales surpassed forecasts, while Mac sales hit a record. China revenue grew by 21%. The company's capital expenditures were $2.24 billion, below expectations. New CEO John Ternus will provide fiscal 2027 guidance on the conference call. Shares are up 25% year to date.

ROKU, INC (ROKU) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Fellow Shareholders, November 2, 2026 Building on an outstanding first half of the year, we delivered another strong quarter. In Q3, Platform revenue grew 23% year over year (YoY) to $1.3 billion, with both Advertising and Subscriptions growing 23%. Total gross profi