Roku

Roku brought in 1.5 billion dollars this quarter, up 24 percent from a year ago. Advertising grew 23 percent to 727 million dollars, its ninth straight quarter of double digit growth. Roku now keeps about 63 cents of every ad dollar after direct costs, up from 58 cents a year ago, and subscriptions also grew 23 percent to 581 million dollars, helped by the World Cup driving more than 1 million sign-ups.

For years Roku grew users but lost money. That chapter is closed. Net income hit 183 million dollars this quarter, up from about 25 million a year ago, even as the cost of running the business fell 6 percent, and Roku pulled in nearly 800 million dollars of spare cash over the past year.

FOX agreed in June to buy all of Roku, a company now worth about 23 billion dollars, and the deal has not closed yet. While a buyout is pending, the stock usually trades near the agreed price, so there is less room to run from here. If the deal hits a snag, shares could drop fast, and Roku has stopped giving forecasts and skipped its earnings call while it waits.

Device sales jumped 33 percent to 194 million dollars, but making and shipping those players and TVs cost about 49 million dollars more than they brought in, mostly because memory chip prices keep rising. Last quarter's device profit came from a one time tariff refund, not a turnaround. Political ad money also helped this quarter, and it dries up once the November election is over.