Roblox Reports First Quarter 2024 Financial Results

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Roblox Corporation's Q1 2024 financial results show a robust year-over-year increase in both revenue and bookings, indicating a continuing demand for their platform. The 37% growth in net cash from operations and a 133% surge in free cash flow demonstrate strong operational efficiency and cash generation capacity. Despite this, investors should be cautious about the reported net loss of $271.9 million. While growing DAUs and engagement hours are positive signs, the modest 2% growth in average bookings per DAU suggests that monetization per user is not keeping pace with user growth. Roblox's efforts to recalibrate their AI-driven discovery algorithm and events like The Hunt indicate a strategic move to enhance user experience and retention, which could lead to higher future monetization. However, the reduction in capital expenditures by nearly 50% could be a signal of either prudent cost management or a slowing down of investment in growth, which requires further monitoring.

Roblox's experimentation with AI-driven discovery algorithm adjustments and content positioning could improve user engagement and content discoverability, thereby potentially increasing DAUs and the amount of time users spend on the platform. The mention of platform-wide events like The Hunt suggests an emphasis on community and user engagement, which could have positive long-term effects on platform stickiness and user growth. The focus on improving app quality and performance is also key in retaining the user base and ensuring a positive user experience. However, the tech sector is highly competitive and continual innovation is required to maintain a user base, especially when targeting a younger demographic. Roblox's strategies need constant updating to stay ahead in a market where user preferences can shift rapidly.

The increase in average monthly unique payers and the uptrend in bookings per payer indicate that Roblox is successfully converting and retaining paying users. The user base's growth, with a 17% increase in DAUs, reflects the platform's expanding reach and the potential for scale. The challenge for Roblox will be in maintaining this growth trajectory in a competitive landscape where new entrants continually vie for the attention of the same demographic. Market trends suggest that platforms that offer diverse and engaging content alongside opportunities for user-generated content tend to have higher user retention rates. Roblox's community-driven model is well-positioned in this respect, but it will be critical to observe how changes to the discovery algorithm influence long-term user engagement and content creator ecosystems.

05/09/2024 - 08:00 AM

Strong net cash and cash equivalents provided by operating activities up 37% year-over-year and record free cash flow¹ up 133% year-over-year

SAN MATEO, Calif.--(BUSINESS WIRE)-- Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its first quarter 2024 financial and operational results and issued its second quarter and updated full year 2024 guidance today. Separately, Roblox posted a letter to shareholders and supplemental materials on the Roblox investor relations website at ir.roblox.com.

First Quarter 2024 Financial, Operational, and Liquidity Highlights

Revenue was $801.3 million, up 22% year-over-year.
Bookings¹ were $923.8 million, up 19% year-over-year.
Net loss attributable to common stockholders was $270.6 million, while consolidated net loss was $271.9 million.
Adjusted EBITDA¹ was $(6.9) million, which excludes adjustments for increases in deferred revenue and deferred cost of revenue of $127.6 million and $(32.9) million, respectively.
Net cash and cash equivalents provided by operating activities was $238.9 million, up 37% year-over-year, while free cash flow¹ was $191.1 million, up 133% year-over-year.
Average Daily Active Users (“DAUs”) were 77.7 million, up 17% year-over-year.
Average monthly unique payers were 15.6 million, up 13% year-over-year, and average bookings per monthly unique payer was $19.68, up 6% year-over-year.
Hours engaged (“Hours”) were 16.7 billion, up 15% year-over-year.
Average bookings per DAU was $11.89, up 2% year-over-year.
Net liquidity² was $2.5 billion.

“Our teams have been hard at work identifying opportunities to drive DAUs, Hours, and bookings growth rates back to 20% year-over-year. We began experimenting with changes in our AI-driven discovery algorithm and the positioning of various content types on the Homepage. We reintroduced platform-wide events like The Hunt: First Edition. And, we continued to improve the quality and performance of our app and experiences. Based on results since the middle of April, we believe that these steps are yielding positive results,” said David Baszucki, founder and CEO of Roblox.

“We are operating more efficiently. Over the past three quarters we have reduced certain infrastructure and trust and safety expenditures, and we have reduced the growth rate of personnel costs (excluding stock-based compensation expense) by holding headcount flat. Capital expenditures are down nearly 50% in Q1 2024 compared to last year. As a result, this past quarter we produced record amounts of operating and free cash flow,” said Michael Guthrie, chief financial officer of Roblox.

“Finally, we will no longer refer to Covenant Adjusted EBITDA in our shareholder letters and earnings press releases though we will calculate it in the liquidity sections of our Forms 10-Q and 10-K. We will continue to report and guide to Adjusted EBITDA which excludes adjustments for the change in deferred revenue and deferred cost of revenue. We will also report and guide to the changes in deferred revenue and deferred cost of revenue,” Guthrie continued.

1		Bookings, Adjusted EBITDA, and free cash flow are non-GAAP financial measures that we believe are useful in evaluating our performance and are presented for supplemental information purposes only and should not be considered in isolation from, or as a substitute for, financial information presented in accordance with GAAP. For further information, please refer to definitions and reconciliations provided below and our annual and quarterly SEC filings.
2		Net liquidity represents cash and cash equivalents, short-term investments, and long-term investments, less long-term debt, net.

Forward Looking Guidance³

Roblox provides its second quarter and updated full year 2024 GAAP and non-GAAP guidance:

Second Quarter 2024 Guidance

Revenue between $855 million and $880 million.
Bookings between $870 million and $900 million.
Consolidated net loss between $(267) million and $(265) million.
Adjusted EBITDA between $36 million and $38 million, which excludes adjustments for:
- Increase in deferred revenue between $18 million and $23 million.
- Increase in deferred cost of revenue between $(7) million and $(9) million.
- The total of these changes in deferrals between $11 million and $14 million.
Net cash and cash equivalents provided by operating activities between $61 million and $68 million.
Capital expenditures and purchases of intangible assets of approximately $(45) million.
Free cash flow between $16 million and $23 million.

Updated Full Year 2024 Guidance

Revenue between $3,450 million and $3,525 million.
Bookings between $4,000 million and $4,100 million.
Consolidated net loss between $(1,096) million and $(1,044) million.
Adjusted EBITDA between $95 million and $147 million, which excludes adjustments for:
- Increase in deferred revenue between $568 million and $593 million.
- Increase in deferred cost of revenue between $(133) million and $(140) million.
- The total of these changes in deferrals between $435 million and $453 million.
Net cash and cash equivalents provided by operating activities between $530 million and $600 million.
Capital expenditures and purchases of intangible assets of approximately $(180) million.
Free cash flow between $350 million and $420 million.

Earnings Q&A Session

Roblox will host a live Q&A session to answer questions regarding its first quarter 2024 results on Thursday, May 9, 2024 at 5:30 a.m. Pacific Time/8:30 a.m. Eastern Time. The webcast will be open to the public at ir.roblox.com or by clicking here.

Beginning April 1, 2024, the estimated average lifetime of a payer changed from 28 months to 27 months, which is reflected in our second quarter and updated full year 2024 GAAP and non-GAAP guidance. Based on the carrying amount of deferred revenue and deferred cost of revenue as of March 31, 2024, the April 1, 2024 change in estimated average lifetime of a payer will result in an increase in revenue and cost of revenue of $58.9 million and $12.4 million, respectively, during the second quarter of 2024 and an increase in revenue and cost of revenue of $98.0 million and $20.4 million, respectively, during the full year 2024. Refer to “Basis of Presentation and Summary of Significant Accounting Policies — Revenue Recognition” as described in the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for further background on the Company’s process to estimate the average lifetime of a payer.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our vision to connect one billion global DAUs, our efforts to improve the Roblox Platform, our immersive and video advertising efforts, including our ads manager and independent measurement partnerships, our efforts regarding content curation, live operations and platform-wide events, our efforts regarding real-world shopping, the use of artificial intelligence (“AI”) on our platform,, our economy and product efforts related to creator earnings and platform monetization, our sponsored experiences, branding and new partnerships and our roadmap with respect to each, our business, product, strategy and user growth, our investment strategy, including our opportunities for and expectations of improvements in financial and operating metrics, including operating leverage, margin, free cash flow, operating expenses and capital expenditures, our expectation of successfully executing such strategies and plans, disclosures regarding the seasonality of our business, disclosures and future growth rates, benefits from agreements with third-party cloud providers, disclosures about our infrastructure efficiency initiatives, changes to our estimated average lifetime of a paying user and the resulting effect on revenue, cost of revenue, deferred revenue and deferred cost of revenue, our expectations of future net losses and net cash and cash equivalents provided by operating activities, statements by our Chief Executive Officer and Chief Financial Officer, and our outlook and guidance for second quarter and full year 2024, and future periods. These forward-looking statements are made as of the date they were first issued and were based on current plans, expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Words such as “expect,” “vision,” “envision,” “evolving,” “drive,” “anticipate,” “intend,” “maintain,” “should,” “believe,” “continue,” “plan,” “goal,” “opportunity,” “estimate,” “predict,” “may,” “will,” “could,” and “would,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to risks detailed in our filings with the Securities and Exchange Commission (the “SEC”), including our annual reports on Form 10-K, our quarterly reports on Form 10-Q and other filings and reports we make with the SEC from time to time. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: our ability to successfully execute our business and growth strategy; the sufficiency of our cash and cash equivalents to meet our liquidity needs, including the repayment of our senior notes; the demand for our platform in general; our ability to retain and increase our number of users, developers, and creators; the impact of inflation and global economic conditions on our operations; the impact of changing legal and regulatory requirements on our business, including the use of verified parental consent; our ability to develop enhancements to our platform, and bring them to market in a timely manner; our ability to develop and protect our brand and build new partnerships; any misuse of user data or other undesirable activity by third parties on our platform; our ability to maintain the security and availability of our platform; our ability to detect and minimize unauthorized use of our platform; and the impact of AI on our platform, users, creators, and developers. Additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from our expectations is included in the reports we have filed or will file with the SEC, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q.

The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, we undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

ROBLOX CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par values) (unaudited)

	As of
	March 31, 2024			December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$	866,414		$	678,466
Short-term investments		1,543,819			1,514,808
Accounts receivable—net of allowances		331,677			505,769
Prepaid expenses and other current assets		88,537			74,549
Deferred cost of revenue, current portion		525,570			501,821
Total current assets		3,356,017			3,275,413
Long-term investments		1,059,246			1,043,399
Property and equipment—net		691,292			695,360
Operating lease right-of-use assets		715,501			665,107
Deferred cost of revenue, long-term		292,509			283,326
Intangible assets, net		47,938			53,060
Goodwill		141,956			142,129
Other assets		10,212			10,284
Total assets	$	6,314,671		$	6,168,078
Liabilities and Stockholders’ equity
Current liabilities:
Accounts payable	$	49,078		$	60,087
Accrued expenses and other current liabilities		273,649			271,121
Developer exchange liability		292,676			314,866
Deferred revenue—current portion		2,513,339			2,406,292
Total current liabilities		3,128,742			3,052,366
Deferred revenue—net of current portion		1,393,807			1,373,250
Operating lease liabilities		693,815			646,506
Long-term debt, net		1,005,338			1,005,000
Other long-term liabilities		30,282			22,330
Total liabilities		6,251,984			6,099,452
Stockholders’ equity
Common stock, $0.0001 par value; 5,000,000 authorized as of March 31, 2024 and December 31, 2023, 639,734 and 631,221 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; Class A common stock—4,935,000 shares authorized as of March 31, 2024 and December 31, 2023, 591,056 and 581,135 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; Class B common stock—65,000 shares authorized as of March 31, 2024 and December 31, 2023, 48,678 and 50,086 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively		61			61
Additional paid-in capital		3,407,986			3,134,946
Accumulated other comprehensive income/(loss)		(5,589	)		1,536
Accumulated deficit		(3,330,857	)		(3,060,253	)
Total Roblox Corporation Stockholders’ equity		71,601			76,290
Noncontrolling interests		(8,914	)		(7,664	)
Total Stockholders’ equity		62,687			68,626
Total Liabilities and Stockholders’ equity	$	6,314,671		$	6,168,078

ROBLOX CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited)

	Three Months Ended
	March 31,
		2024			2023
Revenue	$	801,300		$	655,344
Cost and expenses:
Cost of revenue⁽¹⁾		178,866			151,841
Developer exchange fees		202,405			182,440
Infrastructure and trust & safety		226,934			211,044
Research and development		362,065			275,537
General and administrative		97,824			97,574
Sales and marketing		35,534			26,755
Total cost and expenses		1,103,628			945,191
Loss from operations		(302,328	)		(289,847	)
Interest income		42,170			31,082
Interest expense		(10,363	)		(10,012	)
Other income/(expense), net		(346	)		(440	)
Loss before income taxes		(270,867	)		(269,217	)
Provision for/(benefit from) income taxes		1,053			731
Consolidated net loss		(271,920	)		(269,948	)
Net loss attributable to noncontrolling interests		(1,316	)		(1,635	)
Net loss attributable to common stockholders	$	(270,604	)	$	(268,313	)
Net loss per share attributable to common stockholders, basic and diluted	$	(0.43	)	$	(0.44	)
Weighted-average shares used in computing net loss per share attributable to common stockholders—basic and diluted		635,020			606,637

(1)

Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety.

ROBLOX CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)

	Three Months Ended March 31,
		2024			2023
Cash flows from operating activities:
Consolidated net loss	$	(271,920	)	$	(269,948	)
Adjustments to reconcile net loss including noncontrolling interests to net cash and cash equivalents provided by operations:
Depreciation and amortization expense		53,741			47,412
Stock-based compensation expense		240,502			184,904
Operating lease non-cash expense		27,722			21,244
(Accretion)/amortization on marketable securities, net		(19,998	)		(12,122	)
Amortization of debt issuance costs		338			324
Impairment expense, (gain)/loss on investment and other asset sales, and other, net		63			8,236
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable		174,068			113,193
Prepaid expenses and other current assets		(15,310	)		(8,359	)
Deferred cost of revenue		(33,368	)		(20,137	)
Other assets		51			(2,158	)
Accounts payable		(3,576	)		18,307
Accrued expenses and other current liabilities		(9,221	)		(17,004	)
Developer exchange liability		(22,190	)		(3,865	)
Deferred revenue		129,184			123,783
Operating lease liabilities		(19,103	)		(11,999	)
Other long-term liabilities		7,963			1,970
Net cash and cash equivalents provided by operating activities		238,946			173,781
Cash flows from investing activities:
Acquisition of property and equipment		(46,680	)		(91,359	)
Purchases of intangible assets		(1,200	)		(500	)
Purchases of investments		(1,032,756	)		(2,340,200	)
Maturities of investments		873,820			—
Sales of investments		128,232			84,279
Net cash and cash equivalents used in investing activities		(78,584	)		(2,347,780	)
Cash flows from financing activities:
Proceeds from issuance of common stock		32,670			25,472
Payments related to business combination, after acquisition date		(4,450	)		(750	)
Net cash and cash equivalents provided by financing activities		28,220			24,722
Effect of exchange rate changes on cash and cash equivalents		(634	)		(68	)
Net increase/(decrease) in cash and cash equivalents		187,948			(2,149,345	)
Cash and cash equivalents
Beginning of period		678,466			2,977,474
End of period	$	866,414		$	828,129

Non-GAAP Financial Measures

This press release and the accompanying tables contain the non-GAAP financial measure bookings, Adjusted EBITDA, and free cash flow.

We use this non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that this non-GAAP financial information may be helpful to investors because it provides consistency and comparability with past financial performance.

Bookings is defined as revenue plus the change in deferred revenue during the period and other non-cash adjustments. Substantially all of our bookings are generated from sales of virtual currency, which can ultimately be converted to virtual items on the Roblox Platform. Sales of virtual currency reflected as bookings include one-time purchases and monthly subscriptions purchased via payment processors or through prepaid cards. Bookings also include an insignificant amount from advertising and licensing arrangements. We believe bookings provide a timelier indication of trends in our operating results that are not necessarily reflected in our revenue as a result of the fact that we recognize the majority of revenue over the estimated average lifetime of a paying user. The change in deferred revenue constitutes the vast majority of the reconciling difference from revenue to bookings. By removing these non-cash adjustments, we are able to measure and monitor our business performance based on the timing of actual transactions with our users and the cash that is generated from these transactions. Adjusted EBITDA represents our GAAP consolidated net loss, excluding interest income, interest expense, other income/(expense), provision for/(benefit from) income taxes, depreciation and amortization expense, stock-based compensation expense, and certain other nonrecurring adjustments. We believe that, when considered together with reported GAAP amounts, Adjusted EBITDA is useful to investors and management in understanding our ongoing operations and ongoing operating trends. Our definition of Adjusted EBITDA may differ from the definition used by other companies and therefore comparability may be limited. Free cash flow represents the net cash and cash equivalents provided by operating activities less purchases of property, equipment, and intangible assets acquired through asset acquisitions. We believe that free cash flow is a useful indicator of our unit economics and liquidity that provides information to management and investors about the amount of cash generated from our core operations that, after the purchases of property, equipment, and intangible assets acquired through asset acquisitions, can be used for strategic initiatives.

Non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial information as a tool for comparison. As a result, our non-GAAP financial information is presented for supplemental informational purposes only and should not be considered in isolation from, or as a substitute for financial information presented in accordance with GAAP.

Reconciliation tables of the most comparable GAAP financial measure to the non-GAAP financial measure used in this press release are included below. We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measures.

GAAP to Non-GAAP Financial Measures Reconciliations

The following table presents a reconciliation of revenue, the most directly comparable financial measure calculated in accordance with GAAP, to bookings, for each of the periods presented (in thousands, unaudited):

	Three Months Ended March 31,
		2024			2023
Reconciliation of revenue to bookings:
Revenue	$	801,300		$	655,344
Add (deduct):
Change in deferred revenue		127,604			123,783
Other		(5,147	)		(5,308	)
Bookings	$	923,757		$	773,819

The following table presents a reconciliation of consolidated net loss, the most directly comparable financial measure calculated in accordance with GAAP, to Adjusted EBITDA, for each of the periods presented (in thousands, unaudited):

	Three Months Ended March 31,
		2024			2023

Reconciliation of consolidated net loss to Adjusted EBITDA:
Consolidated net loss	$	(271,920	)	$	(269,948	)
Add (deduct):
Interest income		(42,170	)		(31,082	)
Interest expense		10,363			10,012
Other (income)/expense, net		346			440
Provision for/(benefit from) income taxes		1,053			731
Depreciation and amortization expense		53,741			47,412
Stock-based compensation expense		240,502			184,904
RTO severance charge^(A)		1,182			—
Other non-cash charges^(B)		—			6,988
Adjusted EBITDA	$	(6,903	)	$	(50,543	)

(A)		Relates to cash severance costs associated with the Company’s return-to-office (“RTO”) plan announced in October 2023, which requires a subset of the Company’s remote employees to begin working from the San Mateo headquarters for three days a week, beginning in the summer of 2024.
(B)		Includes impairment expenses related to certain operating lease right-of-use assets and related property and equipment.

The following table presents a reconciliation of net cash and cash equivalents provided by operating activities, the most directly comparable financial measure calculated in accordance with GAAP, to free cash flow, for each of the periods presented (in thousands, unaudited):

	Three Months Ended March 31,
		2024			2023

Reconciliation of net cash and cash equivalents provided by operating activities to free cash flow:
Net cash and cash equivalents provided by operating activities	$	238,946		$	173,781
Deduct:
Acquisition of property and equipment		(46,680	)		(91,359	)
Purchases of intangible assets		(1,200	)		(500	)
Free cash flow	$	191,066		$	81,922

Forward Looking Guidance⁴: GAAP to Non-GAAP Financial Measures Reconciliations

	Guidance						Updated Guidance
	Three Months Ended June 30, 2024						Twelve Months Ended December 31, 2024
	Low			High			Low			High
Reconciliation of revenue to bookings:
Revenue	$	855,000		$	880,000		$	3,450,000		$	3,525,000
Add (deduct):
Change in deferred revenue		18,000			23,000			568,000			593,000
Other		(3,000	)		(3,000	)		(18,000	)		(18,000	)
Bookings	$	870,000		$	900,000		$	4,000,000		$	4,100,000

	Guidance						Updated Guidance
	Three Months Ended June 30, 2024						Twelve Months Ended December 31, 2024
	Low			High			Low			High
Reconciliation of consolidated net loss to Adjusted EBITDA:
Consolidated net loss	$	(267,000	)	$	(265,000	)	$	(1,096,000	)	$	(1,044,000	)
Add (deduct):
Interest income		(38,000	)		(38,000	)		(160,000	)		(160,000	)
Interest expense		11,000			11,000			42,000			42,000
Provision for/(benefit from) income taxes		2,000			2,000			5,000			5,000
Depreciation and amortization expense		58,000			58,000			224,000			224,000
Stock-based compensation expense		270,000			270,000			1,080,000			1,080,000
Adjusted EBITDA	$	36,000		$	38,000		$	95,000		$	147,000

	Guidance
	Three Months Ended June 30, 2024						Twelve Months Ended December 31, 2024
	Low			High			Low			High

Reconciliation of net cash and cash equivalents provided by operating activities to free cash flow:
Net cash and cash equivalents provided by operating activities	$	61,000		$	68,000		$	530,000		$	600,000
Deduct:
Acquisition of property and equipment		(45,000	)		(45,000	)		(178,800	)		(178,800	)
Purchase of intangible assets		—			—			(1,200	)		(1,200	)
Free cash flow	$	16,000		$	23,000		$	350,000		$	420,000

About Roblox

Roblox is an immersive platform for connection and communication. Every day, millions of people come to Roblox to create, play, work, learn, and connect with each other in experiences built by our global community of creators. Our vision is to reimagine the way people come together– in a world that is safe, civil, and optimistic. To achieve this vision, we are building an innovative company that, together with the Roblox community, has the ability to strengthen our social fabric and support economic growth for people around the world. For more about Roblox, please visit corp.roblox.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509181705/en/

Stefanie Notaney

Roblox Corporate Communications

press@roblox.com

Source: Roblox Corporation

FAQ

What was Roblox's revenue for the first quarter of 2024?

Roblox's revenue for the first quarter of 2024 was $801.3 million, up 22% year-over-year.

How did Roblox's net cash and cash equivalents from operating activities perform year-over-year?

Roblox's net cash and cash equivalents from operating activities increased by 37% year-over-year.

What was the change in Roblox's free cash flow for the first quarter of 2024 compared to the previous year?

Roblox's free cash flow for the first quarter of 2024 was $191.1 million, up 133% year-over-year.

How many Average Daily Active Users (DAUs) did Roblox have in the first quarter of 2024?

Roblox had 77.7 million Average Daily Active Users (DAUs) in the first quarter of 2024, up 17% year-over-year.

What was the increase in Average monthly unique payers for Roblox in the first quarter of 2024 compared to the previous year?

Roblox's Average monthly unique payers increased by 13% year-over-year to 15.6 million in the first quarter of 2024.

Roblox Reports First Quarter 2024 Financial Results

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FAQ

What was Roblox's revenue for the first quarter of 2024?

How did Roblox's net cash and cash equivalents from operating activities perform year-over-year?

What was the change in Roblox's free cash flow for the first quarter of 2024 compared to the previous year?

How many Average Daily Active Users (DAUs) did Roblox have in the first quarter of 2024?

What was the increase in Average monthly unique payers for Roblox in the first quarter of 2024 compared to the previous year?

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Roblox Reports First Quarter 2024 Financial Results

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What was Roblox's revenue for the first quarter of 2024?

How did Roblox's net cash and cash equivalents from operating activities perform year-over-year?

What was the change in Roblox's free cash flow for the first quarter of 2024 compared to the previous year?

How many Average Daily Active Users (DAUs) did Roblox have in the first quarter of 2024?

What was the increase in Average monthly unique payers for Roblox in the first quarter of 2024 compared to the previous year?

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