Roblox immediately posted its monetary outcomes for This fall 2024. The corporate report general exhibits modest development over the vacation season, however not something that exceeded anybody’s predictions. It additionally posted its predictions for 2025, and its expectations are extra modest than beforehand assumed. Its steerage exhibits that the corporate expects decrease development within the second half of the yr than the primary, which was apparently disappointing sufficient to trigger its shares to drop.
In response to the report, bookings and income have been each up, at $1.36 billion and $988 million, respectively. Its consolidated web loss sits at $221.1 million. A number of the firm’s outcomes have been favorable year-over-year, however not essentially quarter-to-quarter. Roblox’s every day lively customers have been 85.3 million on this quarter, up 19% year-over-year. Nevertheless, the platform had 88.9 million in Q3 this yr. Equally, its hours engaged dropped from 20.7 billion to 18.7 billion quarter-over-quarter.
Michael Guthrie, Roblox CFO, famous in an earnings name that one of many causes the consumer rely was not as excessive as anticipated — in keeping with Bloomberg, analysts had predicted over 88 million DAUs — was that the Jap European viewers was rising extra slowly than anticipated because the platform is banned in Türkiye.
Roblox’s imaginative and prescient of the long run
In its letter to the shareholders, Roblox outlined its plans for enchancment in a number of key areas, together with belief and security, synthetic intelligence and style growth. The areas overlap with one another, with a number of of the instruments talked about being powered by AI.
Roblox additionally delivered its steerage for the upcoming Q1 2025 quarter, in addition to that fiscal yr general. In Q1, it expects income between $990 million and $1.01 billion and bookings between $1.12 billion and $1.15 billion. For the yr general, it expects income between $4.25 billion and $4.35 billion and bookings between $5.2 billion and $5.3 billion. In response to a Reuters report, these are barely beneath estimates, which despatched Roblox share costs down as they have been revealed.
Roblox CEO Dave Baszucki mentioned in an announcement, “Roblox had a robust 2024, pushed by our dedication to innovation and group. We’re constructing a platform that goes past expertise—it’s about fostering real connections. As we goal to help 10% of the worldwide gaming content material market, we’ll proceed investing in our digital economic system, app efficiency, and AI-powered discovery and security, empowering creators and enhancing the consumer expertise.”
