NYSE$RBLX

Roblox Corp. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Roblox's financial performance for Q1 2024 was released, demonstrating revenue and bookings growth, alongside increased user engagement and cash flow generation.

Roblox reported a 22% increase in revenue to $801.3 million and a 19% increase in bookings to $923.8 million in Q1 2024. The company also saw a 17% increase in daily active users (DAUs) to 77.7 million and a 15% increase in hours engaged to 16.7 billion. Net cash from operating activities increased by 37% year-over-year, and free cash flow increased by 133% year-over-year.

  • Revenue increased by 22% year-over-year to $801.3 million.
  • Bookings increased by 19% year-over-year to $923.8 million.
  • Daily active users (DAUs) increased by 17% year-over-year to 77.7 million.
  • Free cash flow increased by 133% year-over-year to $191.1 million.

Headline financials

Total Revenue

$801M

Previous: $655M+22.3%
EPS (adj)

-$0.43

Previous: -$0.44+2.3%
Capital Expenditures

-$46.7M

Previous: -$91.4M+48.9%
Free Cash Flow

-$317M

Previous: -$360M+11.8%
Net Income

-$271M

Previous: -$268M-0.9%
Operating Income

-$302M

Previous: -$290M-4.3%
Gross Profit

$622M

Previous: $504M+23.6%
Cash & Equivalents

$866M

Previous: $828M+4.6%
Total Assets

$6.31B

Previous: $5.47B+15.4%
R&D Expense

$362M

No prior period
Stock-Based Comp

$241M

Previous: $185M+30.1%

Revenue & EPS history

Roblox · Revenue · Quarterly

$801M

Q1 2024+22.3%vs Q1 2023
Beat estimate in 2 of 15 quarters(13%)
ActualEstimate

Forward guidance

Roblox provided its second quarter and updated full year 2024 GAAP and non-GAAP guidance.

Tailwinds

  • Second Quarter 2024 Revenue between $855 million and $880 million.
  • Second Quarter 2024 Bookings between $870 million and $900 million.
  • Second Quarter 2024 Adjusted EBITDA between $36 million and $38 million.
  • Second Quarter 2024 Free cash flow between $16 million and $23 million.
  • Full Year 2024 Revenue between $3,450 million and $3,525 million.

Headwinds

  • Second Quarter 2024 Consolidated net loss between $(267) million and $(265) million.
  • Second Quarter 2024 Capital expenditures and purchases of intangible assets of approximately $(45) million.
  • Full Year 2024 Consolidated net loss between $(1,096) million and $(1,044) million.
  • Full Year 2024 Capital expenditures and purchases of intangible assets of approximately $(180) million.
  • Full Year 2024 Free cash flow between $350 million and $420 million.

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 2024

Historical avgQ1 2024

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro