NYSE$RBLX

Roblox Corp. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Roblox's Q1 2021 financial results were released, revealing significant growth in revenue, bookings, and user engagement.

Roblox Corporation reported a 140% increase in revenue to $387.0 million and a 161% increase in bookings to $652.3 million compared to Q1 2020. The company's average daily active users (DAUs) also saw substantial growth, reaching 42.1 million, a 79% increase year-over-year.

  • Revenue increased by 140% year-over-year, reaching $387.0 million.
  • Bookings increased by 161% year-over-year, reaching $652.3 million.
  • Average Daily Active Users (DAUs) increased by 79% year-over-year, reaching 42.1 million.
  • Free Cash Flow increased 4.1x over Q1 2020 to $142.1 million

Headline financials

Total Revenue

$387M

Previous: $162M+139.5%
EPS (adj)

-$0.46

Previous: -$0.14-225.5%
Average DAUs

42.1M

Previous: 23.5M+79.1%
Hours engaged

9.7B

Previous: 4.9B+98.0%
Bookings

$652M

Previous: $250M+161.4%
Capital Expenditures

-$22.1M

No prior period
Free Cash Flow

-$156M

No prior period
Net Income

-$134M

Previous: -$74.4M-80.5%
Operating Income

-$135M

Previous: -$73M-85.1%
Gross Profit

$289M

Previous: $120M+141.3%
Cash & Equivalents

$1.6B

No prior period
Total Assets

$2.82B

No prior period
Stock-Based Comp

$50.7M

No prior period

Revenue & EPS history

Roblox · Revenue · Quarterly

$387M

Q1 2021+139.5%vs Q1 2020
Beat estimate in 1 of 9 quarters(11%)
ActualEstimate

Forward guidance

Roblox anticipates continued investment in key growth areas, including engineering and product development, as well as expanding the developer community. The company remains focused on international expansion and broadening its user age demographic.

Tailwinds

  • Continued investment in engineering and product development
  • Growing earnings for the developer community
  • Focus on building great technology
  • International expansion
  • Expanding the age demographic of users

Headwinds

  • Risks detailed in filings with the Securities and Exchange Commission (the “SEC”)
  • Ability to successfully execute our business and growth strategy
  • Sufficiency of our cash and cash equivalents to meet our liquidity needs
  • Demand for our platforms in general
  • Ability to increase our number of new users and revenue generated from users

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.0%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+4.2%

Avg return

30 days after

44%

11 / 25 earnings

Positive

+40.4%

Q3 2021

Best reaction

-21.2%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-21.7%-16.3%
Q4 2025+9.7%+13.9%+4.9%
Q3 2025-15.5%-22.1%-28.9%
Q2 2025-9.3%-2.6%-9.6%
Q1 2025+2.9%+5.5%+29.7%
Q4 2024-11.1%-12.5%-24.2%
Q3 2024+19.2%+18.6%+16.2%
Q2 2024-6.0%-9.3%+5.9%
Q1 2024-19.4%-18.9%-8.7%
Q4 2023+10.5%+7.7%-1.6%
Q3 2023+8.5%+10.5%+16.4%
Q2 2023-18.9%-19.1%-23.1%
Q1 2023+10.2%+7.7%+6.9%
Q4 2022+22.2%+14.6%+22.5%
Q3 2022-13.8%-9.0%-19.1%
Q2 2022-1.8%+4.6%-14.4%
Q1 2022-2.6%+34.0%+23.9%
Q4 2019+2.9%-3.3%-6.0%
Q4 2021-21.2%-27.2%-32.2%
Q3 2020+23.7%+39.7%+51.0%
Q3 2021+40.4%+37.9%+60.0%
Q2 2020-6.3%-1.4%-2.2%
Q2 2021-6.3%-1.4%-2.2%
Q4 2020-6.1%-0.7%+22.9%
Q1 2021+14.4%+4.5%+34.1%
Q1 2020
Q3 2019
Q2 2019
Q1 2019

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