NYSE$RBLX

Roblox Corp. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Roblox reported strong year-over-year growth in Daily Active Users, Hours Engaged, Revenue, and Bookings.

Roblox Corporation released its first quarter 2023 financial and operational results, demonstrating strong performance across core operating and financial metrics. Revenue was $655.3 million, up 22% year-over-year, and bookings were $773.8 million, up 23% year-over-year. The company is focusing on building a technology platform to enable creators and attract a global user base.

  • Revenue increased by 22% year-over-year to $655.3 million.
  • Bookings grew by 23% year-over-year to $773.8 million.
  • Daily Active Users (DAUs) reached 66.1 million, a 22% increase year-over-year.
  • Hours engaged totaled 14.5 billion, up 23% year-over-year.

Headline financials

Total Revenue

$655M

Previous: $537M+22.0%
EPS (adj)

-$0.44

Previous: -$0.27-63.0%
Average DAUs

66.1M

Previous: 54.1M+22.2%
Hours engaged

14.5B

Previous: 11.8B+22.9%
Bookings

$774M

Previous: $631M+22.6%
Capital Expenditures

-$91.4M

Previous: -$51.8M-76.4%
Free Cash Flow

-$360M

Previous: -$212M-69.7%
Net Income

-$268M

Previous: -$160M-67.5%
Operating Income

-$290M

Previous: -$152M-91.2%
Gross Profit

$504M

Previous: $402M+25.4%
Cash & Equivalents

$828M

Previous: $3.13B-73.6%
Total Assets

$5.47B

Previous: $4.72B+16.0%
Stock-Based Comp

$185M

Previous: $112M+64.7%

Revenue & EPS history

Roblox · Revenue · Quarterly

$655M

Q1 2023+22%vs Q1 2022
Beat estimate in 2 of 15 quarters(13%)
ActualEstimate

Forward guidance

The company expects to moderate the rate of investment in headcount and infrastructure, generating operating leverage. More bookings are expected to be processed through credit cards and prepaid cards, positively impacting margins.

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 2023

Historical avgQ1 2023

+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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