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Roblox | 8-K: Roblox Reports First Quarter 2024 Financial Results

SEC announcement ·  May 9 20:07
Summary by Futu AI
On May 9, 2024, Roblox Corporation released its financial results for the first quarter of 2024, which ended on March 31, 2024. The company reported a 22% increase in revenue to $801.3 million and a 19% increase in bookings to $923.8 million year-over-year. Despite the growth in revenue and bookings, Roblox experienced a net loss of $270.6 million for common stockholders and a consolidated net loss of $271.9 million. The company also reported a 37% increase in net cash provided by operating activities, amounting to $238.9 million, and a significant 133% increase in free cash flow to $191.1 million. Daily active users grew by 17% to 77.7 million, and the average monthly unique payers increased by 13% to 15.6 million. Roblox also provided guidance for the second quarter and updated its full-year projections for 2024, expecting revenue between $855 million and $880 million for Q2, and between $3,450 million and $3,525 million for the full year. The company hosted a live Q&A session to discuss these results and its future outlook.
On May 9, 2024, Roblox Corporation released its financial results for the first quarter of 2024, which ended on March 31, 2024. The company reported a 22% increase in revenue to $801.3 million and a 19% increase in bookings to $923.8 million year-over-year. Despite the growth in revenue and bookings, Roblox experienced a net loss of $270.6 million for common stockholders and a consolidated net loss of $271.9 million. The company also reported a 37% increase in net cash provided by operating activities, amounting to $238.9 million, and a significant 133% increase in free cash flow to $191.1 million. Daily active users grew by 17% to 77.7 million, and the average monthly unique payers increased by 13% to 15.6 million. Roblox also provided guidance for the second quarter and updated its full-year projections for 2024, expecting revenue between $855 million and $880 million for Q2, and between $3,450 million and $3,525 million for the full year. The company hosted a live Q&A session to discuss these results and its future outlook.

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