NYSE$RBLX

Roblox Corp. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Roblox's first quarter results were released, showing revenue increased but bookings decreased.

Roblox Corporation reported a 39% increase in revenue to $537.1 million for the first quarter of 2022. Daily Active Users (DAUs) and Hours Engaged also saw strong year-over-year growth, increasing by 28% and 22%, respectively. However, bookings decreased by 3% compared to the first quarter of 2021.

  • Revenue increased 39% over Q1 2021 to $537.1 million.
  • Net cash provided by operating activities was $156.4 million, and free cash flow was $104.6 million.
  • Bookings decreased 3% over Q1 2021 to $631.2 million.
  • Average Daily Active Users (DAUs) were 54.1 million, a 28% increase year-over-year.

Headline financials

Total Revenue

$537M

Previous: $387M+38.8%
EPS (adj)

-$0.27

Previous: -$0.46+41.3%
Average DAUs

54.1M

Previous: 42.1M+28.5%
Hours engaged

11.8B

Previous: 9.7B+21.6%
Bookings

$631M

Previous: $652M-3.2%
Capital Expenditures

-$51.8M

Previous: -$22.1M-134.0%
Free Cash Flow

-$212M

Previous: -$156M-35.6%
Net Income

-$160M

Previous: -$134M-19.4%
Operating Income

-$152M

Previous: -$135M-12.3%
Gross Profit

$402M

Previous: $289M+38.9%
Cash & Equivalents

$3.13B

Previous: $1.6B+95.7%
Total Assets

$4.72B

Previous: $2.82B+67.5%
Stock-Based Comp

$112M

Previous: $50.7M+121.3%

Revenue & EPS history

Roblox · Revenue · Quarterly

$537M

Q1 2022+38.8%vs Q1 2021
Beat estimate in 1 of 9 quarters(11%)
ActualEstimate

Forward guidance

April 2022 Key Metric Estimates: Revenue was between $189 million - $192 million, up 30% - 32% year over year. Bookings were between $221 million and $224 million, down 8% - 10% year over year. DAUs were 53.1 million, up 23% year over year. Hours Engaged were 3.8 billion, up 18% year over year. ABPDAU were between $4.16 - $4.22, down 25% - 26% year over year.

Tailwinds

  • Revenue was between $189 million - $192 million, up 30% - 32% year over year
  • DAUs were 53.1 million, up 23% year over year
  • Hours Engaged were 3.8 billion, up 18% year over year

Headwinds

  • Bookings were between $221 million and $224 million, down 8% - 10% year over year
  • ABPDAU were between $4.16 - $4.22, down 25% - 26% year over year

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 2022

Historical avgQ1 2022

+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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