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Jun 30, 2024
Roblox Q2 2024 Earnings Report
Roblox reported strong growth across core financial and operating metrics.
Key Takeaways
Roblox reported a 31% increase in revenue year-over-year, reaching $893.5 million, and a 22% increase in bookings, totaling $955.2 million. The company's average daily active users (DAUs) also grew by 21% year-over-year, with hours engaged up by 24%.
Revenue increased by 31% year-over-year to $893.5 million.
Bookings increased by 22% year-over-year to $955.2 million.
DAUs increased by 21% year-over-year to 79.5 million.
Hours engaged increased by 24% year-over-year to 17.4 billion.
Forward Guidance
Roblox provided its third quarter and updated full year 2024 GAAP and non-GAAP guidance.
Positive Outlook
- Third Quarter 2024 Revenue between $860 million and $885 million.
- Third Quarter 2024 Bookings between $1,000 million and $1,025 million.
- Third Quarter 2024 Net cash and cash equivalents provided by operating activities between $147 million and $162 million.
- Third Quarter 2024 Free cash flow between $105 million and $120 million.
- Full Year 2024 Revenue between $3,490 million and $3,540 million.
Challenges Ahead
- Third Quarter 2024 Consolidated net loss between $(275) million and $(255) million.
- Third Quarter 2024 Capital expenditures and purchases of intangible assets of $(42) million.
- Full Year 2024 Consolidated net loss between $(1,089) million and $(1,049) million.
- Full Year 2024 Capital expenditures and purchases of intangible assets of $(180) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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