Streaming video platform Roku (ROKU) late Thursday beat Wall Street's targets for the fourth quarter and signaled a shift to profitability ahead. Roku stock jumped 11% in extended trading.

The San Jose, Calif.-based company lost 24 cents a share on sales of $1.2 billion in the December quarter. Analysts polled by FactSet had expected Roku to lose 41 cents a share on sales of $1.15 billion. In the year-earlier period, Roku lost 55 cents a share on sales of $984 million.

For the current quarter, Roku forecast sales of $1.01 billion, in line with estimates. For the full year, Roku is targeting revenue of $4.61 billion, also matching views, and up 12% from 2024.

Importantly, the entertainment firm announced that it expects to be operating income positive for full year 2026.

Roku reported 89.8 million streaming households in the fourth quarter, vs. the consensus estimate of 89 million. The company announced Jan. 7 that it had surpassed 90 million streaming households in the first week of the year. In Q4, Roku added 4.3 million households.

Roku generates most of its revenue from advertising on its platform as well as from Roku-billed subscriptions to paid services.

Roku has the No. 1 streaming TV operating system in the U.S., Canada and Mexico. It sells devices like televisions and streaming boxes and also licenses its OS to other TV makers.