From CNBC:

Roblox surpassed analyst expectations for Q4, driving a 13% share price increase in pre-market trading. The gaming company reported a loss per share of 52 cents, beating estimates of 55 cents, and $1.13 billion in revenue, surpassing a prediction of $1.08 billion. Full-year results included $3.52 billion in revenue and a $1.87 loss per share, both outperforming LSEG consensus estimates.

The company’s bookings, sales of virtual currency Robux, reached a record $1.1 billion. CEO David Baszucki expressed confidence in the company’s ability to attract over 1 billion daily active users in 2024. Roblox reported 71.5 million average daily active users for Q4, up 22% from a year ago. Average bookings per daily active user increased 3% to $15.75, and international and older player segments reflected double-digit growth.

Despite a decrease in engaged hours from Q3 2023 to Q4 2023, a 21% spike was seen in comparison to the previous year. Roblox provided guidance for Q1 2024 and full-year 2024, expecting bookings between $910 million and $940 million, and a net loss ranging from $342 million and $347 million for Q1. Full-year 2024 bookings are projected to be between $4.1 billion and $4.28 billion, with a net loss estimated between $1.37 billion and $1.4 billion.

For Roblox, personnel costs have increased at a slower rate than bookings, with quarterly expenses growing 24% year over year to $198 million, excluding share-based compensation. The company noted a sharp growth in personnel costs in the infrastructure and trust and safety teams.



Read more: Roblox (RBLX) Q3 2023 earnings