On October 31, 2024, Roblox Corporation released its financial results for the third quarter ended September 30, 2024, and provided guidance for the fourth quarter and full year of 2024. The company reported a 29% year-over-year increase in revenue to $919.0 million and a 34% increase in bookings to $1,128.5 million. Despite these gains, Roblox experienced a net loss of $239.3 million for common stockholders and a consolidated net loss of $240.4 million. The company's Adjusted EBITDA was $55.0 million, and it saw a significant increase in cash flow, with net cash provided by operating activities up 120% year-over-year to $247.4 million and free cash flow up 266% to $218.0 million. Roblox also reported growth in user engagement, with Average Daily Active Users (DAUs) reaching 88.9 million, a 27% increase, and hours engaged...Show More

On October 31, 2024, Roblox Corporation released its financial results for the third quarter ended September 30, 2024, and provided guidance for the fourth quarter and full year of 2024. The company reported a 29% year-over-year increase in revenue to $919.0 million and a 34% increase in bookings to $1,128.5 million. Despite these gains, Roblox experienced a net loss of $239.3 million for common stockholders and a consolidated net loss of $240.4 million. The company's Adjusted EBITDA was $55.0 million, and it saw a significant increase in cash flow, with net cash provided by operating activities up 120% year-over-year to $247.4 million and free cash flow up 266% to $218.0 million. Roblox also reported growth in user engagement, with Average Daily Active Users (DAUs) reaching 88.9 million, a 27% increase, and hours engaged up 29% year-over-year. The company's liquidity position remains strong with a total of $3.9 billion in cash and investments. Looking forward, Roblox provided guidance for Q4 2024 with revenue expected to be between $935 million and $960 million, and bookings projected between $1,336 million and $1,361 million. The company anticipates a consolidated net loss in the range of $(303) million to $(283) million and Adjusted EBITDA between $10 million and $30 million for the quarter. For the full year, revenue is expected to be between $3,549 million and $3,574 million, with bookings ranging from $4,343 million to $4,368 million. The company also expects to generate between $808 million and $823 million in net cash from operating activities and free cash flow between $621 million and $636 million for the full year 2024.