This week, we cover the unexpected news that Fox's acquisition of Roku has closed, much earlier than originally projected and what we think it means for both companies and consumers. We also cover Q3 earnings numbers from streamers, with YouTube having the slowest YoY ad revenue growth this year, Starz reporting a net loss of $34.8 million and flat YoY revenue, and Fox seeing ad revenue jump 47%, driven primarily by the FIFA Men's World Cup. 

From Roku's last earnings report as a public company, Roku reported revenue of $1.5 billion, up 24% YoY, and net income of $183 million, with total streaming hours across the Roku platform up 2 billion from Q2. Advertising revenue was strong, up 23% YoY, while its device business had an operating loss of -$48.6 million.

Finally, we break down earnings numbers from the infrastructure players, with Google Cloud revenue up 103% YoY, Akamai projecting 2028 total company revenue to exceed $7 billion, and Fastly raising full-year 2026 revenue guidance to $744-$748M.

Podcast produced by Security Halt Media