NYSE$RBLX

Roblox Corp. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Roblox's Q3 2024 financial results demonstrated strong growth across core financial and operating metrics.

Roblox reported strong Q3 2024 results, with revenue up 29% year-over-year, bookings up 34% year-over-year, record DAUs up 27% year-over-year, and record hours engaged up 29% year-over-year.

  • Revenue increased by 29% year-over-year to $919.0 million.
  • Bookings increased by 34% year-over-year to $1,128.5 million.
  • DAUs increased by 27% year-over-year to 88.9 million.
  • Hours engaged increased by 29% year-over-year to 20.7 billion.

Headline financials

Total Revenue

$919M

Previous: $713M+28.8%
EPS

-$0.37

Previous: -$0.45+17.8%
Average DAUs

88.9M

Previous: 70.2M+26.6%
Hours engaged

20.7B

Previous: 16.0B+29.4%
Bookings

$1.13B

Previous: $840M+34.4%
Capital Expenditures

-$116M

Previous: -$255M+54.7%
Free Cash Flow

-$355M

Previous: -$533M+33.3%
Net Income

-$239M

Previous: -$277M+13.7%
Operating Income

-$279M

Previous: -$300M+7.0%
Gross Profit

$714M

Previous: $550M+29.9%
Cash & Equivalents

$603M

Previous: $580M+3.9%
Total Assets

$6.69B

Previous: $5.75B+16.2%
Stock-Based Comp

$265M

Previous: $220M+20.5%

Revenue & EPS history

Roblox · Revenue · Quarterly

$919M

Q3 2024+28.8%vs Q3 2023
Beat estimate in 2 of 15 quarters(13%)
ActualEstimate

Forward guidance

Roblox provides its fourth quarter and updated full year 2024 GAAP and non-GAAP guidance:

Tailwinds

  • Revenue between $935 million and $960 million for Q4 2024.
  • Bookings between $1,336 million and $1,361 million for Q4 2024.
  • Adjusted EBITDA between $10 million and $30 million for Q4 2024.
  • Free cash flow between $100 million and $115 million for Q4 2024.
  • Net cash and cash equivalents provided by operating activities between $170 million and $185 million for Q4 2024.

Headwinds

  • Consolidated net loss between $(303) million and $(283) million for Q4 2024.
  • Revenue between $3,549 million and $3,574 million for full year 2024.
  • Bookings between $4,343 million and $4,368 million for full year 2024.
  • Consolidated net loss between $(1,023) million and $(1,003) million for full year 2024.
  • Adjusted EBITDA between $125 million and $145 million for full year 2024.

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 Q3 2024

Historical avgQ3 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

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