Roblox Reports Third Quarter 2021 Financial Results
Year-over-year Revenue Up 102% to $509.3 Million; Bookings Up 28% to $637.8 Million; and
Free Cash Flow of $170.6 million
SAN MATEO, Calif., Nov 8, 2021 - Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its third quarter 2021 financial results today and separately posted a letter to shareholders and supplemental materials on the Roblox investor relations website at ir.roblox.com.
Third Quarter 2021 Financial Highlights
•Revenue increased 102% over Q3 2020 to $509.3 million
•Net loss attributable to common stockholders for Q3 2021 was $74.0 million
•Net cash provided by operating activities of $181.2 million; Free cash flow increased 7% over Q3 2020 to $170.6 million.
•Bookings increased 28% over Q3 2020 to $637.8 million
•Average Daily Active Users (DAUs) were 47.3 million, an increase of 31% year over year:
•Hours Engaged were 11.2 billion, an increase of 28% year over year
•Average Bookings per DAU (ABPDAU) was $13.49
For October 2021 key metric estimates, please refer to our Q3 2021 Shareholder Letter at ir.roblox.com.
“Engagement is our north star. We’re very pleased that during the third quarter, people of all ages from across the globe chose to spend over 11 billion hours on Roblox,” said David Baszucki, Chief Executive Officer of Roblox. “We are happy to report that the developer community earned over $130 million in the quarter and is on pace to earn well over $500 million this year. As we finish 2021 and head into 2022, we will continue to invest in innovative technology to enable our developer community to do what they do best - build and create.”
“Growth in all of our core metrics - DAUs, hours, and bookings - displayed strong year-over-year growth despite lapping Covid-impacted periods and back-to-school seasonality,” said Michael Guthrie, Chief Financial Officer of Roblox. “Notwithstanding significant investments in developer economics and hiring, we also generated healthy cash from operations. Based on our October results, we appear to be having a great start to the last quarter of the year.”
Earnings Q&A Session
Roblox will host a live Q&A session to answer questions regarding their third quarter 2021 results on Tuesday, November 9, 2021 at 5:30 a.m. Pacific Time. The webcast will be open to the public at ir.roblox.com.
The following information was filed by Roblox Corp (RBLX) on Monday, November 8, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.