ROKU INC
For the period ended Mar 31, 2025. Filed May 2, 2025.
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Mar 31, 2025 · Filed May 2, 2025
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13. Income Taxes
- INCOME TAXES
Income tax benefit was $13.1 million and income tax expense was $4.8 million for the three months ended March 31, 2025 and 2024, respectively. The decrease in income tax expense to reflect an income tax benefit for the three months ended March 31, 2025 is primarily attributable to current U.S. income tax benefit expected to be realized during the year from year-to-date losses.
A valuation allowance must be established for deferred tax assets when it is more likely than not that they will not be realized. As of March 31, 2025, the Company analyzed all available objective evidence, both positive and negative, and believes it is more-likely-than-not that some deferred tax assets will not be realizable. Accordingly, the Company continues to provide a valuation allowance against its U.S. deferred tax assets.
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