Paramount+ has a 2.5% share and Disney has a 4.7% share for comparison.
https://advertising.roku.com/learn/resources/nielsen-gauge-4...
https://www.nielsen.com/data-center/top-ten/
Personally I've had Roku from the beginning and never once saw or watched the Roku Channel. But I did look it up now. Looks like all "D" rated films and really old media. They produce nothing and licence and syndicate everything.
The hardware looses them $80m+ while the add and media distribution brings them in $1b+.
The hardware is a side hustle run at a loss to acquire users for the main business.
Page 6 of the below PDF has their revenue broken down by category. Going by Q2 of 2026:
Advertising: 673m
Subscriptions: 548m
Devices (hardware): 134m