ROKU, INC
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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7. Content Assets
- CONTENT ASSETS
Content assets, net consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Licensed content, net and advances | $95,017 | $152,851 |
| Produced content: | ||
| Released, less amortization | 57,808 | 65,990 |
| Completed, not released | 9,109 | 23,267 |
| In production | 8,039 | 7,565 |
| Total produced content, net | 74,956 | 96,822 |
| Total Content assets, net and advances | $169,973 | $249,673 |
| Current portion (included in Prepaid expenses and other current assets) | $2,065 | $12,352 |
| Non-current portion | $167,908 | $237,321 |
Amortization of content assets is included in Cost of revenue, platform in the consolidated statements of operations and is as follows (in thousands):
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Licensed content | $168,499 | $161,194 | $161,633 |
| Produced content | 40,993 | 45,181 | 46,219 |
| Total amortization costs | $209,492 | $206,375 | $207,852 |
During the years ended December 31, 2025 and 2024, the Company wrote off $13.7 million and $23.0 million, respectively, of unamortized costs related to produced content assets that were removed from the content library of The Roku Channel. There wereno write-offs for the year ended December 31, 2023.
During the year ended December 31, 2023, the Company recognized an impairment charge of $65.5 million related to removing select licensed and produced content from The Roku Channel as part of its restructuring efforts. See Note 18 for additional details. The Company didnot recognize any impairment of content assets during the years ended December 31, 2025 and 2024.
The following table reflects the expected amortization costs of released licensed and produced content assets, net for the next three years (in thousands):
| Years Ended December 31, | |||
|---|---|---|---|
| 2026 | 2027 | 2028 | |
| Licensed content | $64,866 | $15,849 | $7,255 |
| Produced content | 27,317 | 16,470 | 10,832 |
| Total expected amortization costs | $92,183 | $32,319 | $18,087 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.