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Mar 31, 2024
Roblox Q1 2024 Earnings Report
Roblox's financial performance for Q1 2024 was released, demonstrating revenue and bookings growth, alongside increased user engagement and cash flow generation.
Key Takeaways
Roblox reported a 22% increase in revenue to $801.3 million and a 19% increase in bookings to $923.8 million in Q1 2024. The company also saw a 17% increase in daily active users (DAUs) to 77.7 million and a 15% increase in hours engaged to 16.7 billion. Net cash from operating activities increased by 37% year-over-year, and free cash flow increased by 133% year-over-year.
Revenue increased by 22% year-over-year to $801.3 million.
Bookings increased by 19% year-over-year to $923.8 million.
Daily active users (DAUs) increased by 17% year-over-year to 77.7 million.
Free cash flow increased by 133% year-over-year to $191.1 million.
Forward Guidance
Roblox provided its second quarter and updated full year 2024 GAAP and non-GAAP guidance.
Positive Outlook
- Second Quarter 2024 Revenue between $855 million and $880 million.
- Second Quarter 2024 Bookings between $870 million and $900 million.
- Second Quarter 2024 Adjusted EBITDA between $36 million and $38 million.
- Second Quarter 2024 Free cash flow between $16 million and $23 million.
- Full Year 2024 Revenue between $3,450 million and $3,525 million.
Challenges Ahead
- Second Quarter 2024 Consolidated net loss between $(267) million and $(265) million.
- Second Quarter 2024 Capital expenditures and purchases of intangible assets of approximately $(45) million.
- Full Year 2024 Consolidated net loss between $(1,096) million and $(1,044) million.
- Full Year 2024 Capital expenditures and purchases of intangible assets of approximately $(180) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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