From CNBC:

Summary:
Roblox celebrated its direct listing on the New York Stock Exchange with a welcome reception on March 10, 2021. The company’s fiscal fourth-quarter results exceeded expectations, with a loss per share of 52 cents (better than the expected 55 cents) and revenue of $1.13 billion (higher than the expected $1.08 billion). Roblox’s full-year revenue was $3.52 billion, and its quarterly bookings hit $1.13 billion, the company’s highest ever.

Roblox CEO David Baszucki expressed optimism about the company’s long-term goal of attracting over 1 billion daily active users and reported an increase in average daily active users to 71.5 million, up 22% from the previous year. The company also noted double-digit growth in both the 13-and-up segment and non-U.S. & Canada segment. However, the number of engaged hours for users fell to 15.5 million during the fourth quarter, but still represented a 21% increase compared to the year-ago period.

Roblox provided guidance for 2024 and the first fiscal quarter, expecting first-quarter bookings between $910 million and $940 million, and a net loss ranging from $342 million to $347 million. Full-year 2024 bookings are estimated between $4.1 billion and $4.28 billion, with a net loss of between $1.37 billion and $1.4 billion. Personnel costs have continued to weigh on the company, growing at a slower rate than bookings, reflecting increases in Roblox’s infrastructure and trust and safety teams.



Read more: Roblox (RBLX) Q4 2023 earnings