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Dec 31, 2023
Roblox Q4 2023 Earnings Report
Roblox's Q4 2023 earnings showcased strong year-over-year growth in daily active users, hours engaged, revenue, and bookings.
Key Takeaways
Roblox Corporation reported a 30% increase in revenue to $749.9 million and a 25% increase in bookings to $1,126.8 million for Q4 2023. The company's average daily active users reached 71.5 million, a 22% increase year-over-year, and hours engaged grew by 21% to 15.5 billion. The company ended the year with its strongest rate of quarterly bookings growth in two years and delivered its first quarter of $1 billion in bookings.
Revenue increased by 30% year-over-year, reaching $749.9 million.
Bookings grew by 25% year-over-year, totaling $1,126.8 million.
Daily Active Users (DAUs) increased by 22% year-over-year, averaging 71.5 million.
Hours engaged increased by 21% year-over-year, reaching 15.5 billion.
Forward Guidance
Roblox provided its initial full year and first quarter 2024 GAAP and non-GAAP guidance.
Positive Outlook
- Revenue between $3,300 million and $3,400 million for full year 2024.
- Bookings between $4,140 million and $4,280 million for full year 2024.
- Revenue between $755 million and $780 million for first quarter 2024.
- Bookings between $910 million and $940 million for first quarter 2024.
- Adjusted EBITDA between $(55) million and $(50) million for the first quarter of 2024.
Challenges Ahead
- Consolidated net loss between $(1,400) million and $(1,365) million for full year 2024.
- Adjusted EBITDA between $(150) million and $(115) million for full year 2024.
- Consolidated net loss between $(347) million and $(342) million for first quarter 2024.
- Increase in deferred revenue between $158 million and $163 million for the first quarter of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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