Roblox, a popular gaming company, reported its Q4 2023 financial results. The company's revenue increased by 30% year-over-year to $749.9 million, with bookings reaching a record $1.1 billion. Daily active users (DAUs) also grew by 22% year-over-year to 71.5 million. Despite the positive revenue growth, the company also reported record losses and expects similar results for 2024. Roblox forecasts strong 2024 bookings, attributing the increase to in-game spending during the holiday season. The company's CEO, David Baszucki, expressed pride in the team's performance and highlighted the focus on innovation and top-line growth. Roblox's stock, RBLX, surged by over 13% following the earnings report.
As per the platform’s latest financial report, @Roblox generated a huge $2.8 billion in revenue in 2023 https://t.co/qZxHyiURlN https://t.co/kB112x0hqk
Roblox's Q4 2023 financial report shows growth in most areas https://t.co/0KZHJwf7Rd
Roblox's Q4 2023 financial report shows growth in most quarters https://t.co/0KZHJwf7Rd
Roblox is a conundrum because it is still executing in ZIRP mode and winning. It grew revenue but also increased losses and headcount grew with no plans for layoffs. Daily active users grew 22% to 71.5M and the company’s vision is to get to 1B DAU. 15.9M spend money each month. https://t.co/1KhZAwgaNI
Roblox forecasts strong 2024 bookings; in-game spending gets holiday boost https://t.co/8iUtBNLrlH https://t.co/87aF5IHqji
Roblox posted another year of record revenues and record losses, and it expects more of the same for 2024 https://t.co/zAlrPOnbeC
As of Q4 2023 Roblox had 71.5 million average daily active users. https://t.co/z0bGeUDuxv
Reported Q4 results this morning and proud of our team at Roblox -- it was a strong quarter to cap off a strong year. Focus from our 2023 Investor Day continues: innovation, strong top-line growth, and operating leverage. https://t.co/N2iBtzKG2H
Roblox earnings bring a big bookings milestone, sending the stock rocketing https://t.co/xj3bA5MMzj
Roblox Stock Jumps on 25% Bookings Increase and Strong Guidance https://t.co/MzyHgbvywQ
Roblox, the gaming company popular with young people, reported fourth-quarter bookings that beat analysts’ estimates, as kids home for the holidays spent their time playing video games https://t.co/8nzcnslEaR
Roblox reports Q4 revenue up 30% YoY to $749.9M, bookings up 25% YoY to a record $1.1B, DAUs up 22% YoY to 71.5M, and $2.8B in 2023 revenue; RBLX jumps 13%+ (@rogoswami / CNBC) https://t.co/XV1DORaLc3 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/EtxaHIz8DO
Roblox $RBLX just reported earnings EPS of -$0.52 beating expectations of -$0.56 Revenue of $749.9M missing expectations of $757.8M https://t.co/Sw1eOGY1y5