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Mar 31, 2023
Roblox Q1 2023 Earnings Report
Roblox reported strong year-over-year growth in Daily Active Users, Hours Engaged, Revenue, and Bookings.
Key Takeaways
Roblox Corporation released its first quarter 2023 financial and operational results, demonstrating strong performance across core operating and financial metrics. Revenue was $655.3 million, up 22% year-over-year, and bookings were $773.8 million, up 23% year-over-year. The company is focusing on building a technology platform to enable creators and attract a global user base.
Revenue increased by 22% year-over-year to $655.3 million.
Bookings grew by 23% year-over-year to $773.8 million.
Daily Active Users (DAUs) reached 66.1 million, a 22% increase year-over-year.
Hours engaged totaled 14.5 billion, up 23% year-over-year.
Forward Guidance
The company expects to moderate the rate of investment in headcount and infrastructure, generating operating leverage. More bookings are expected to be processed through credit cards and prepaid cards, positively impacting margins.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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