Roblox (RBLX) Raises FY Bookings Guidance

Roblox Corporation (NYSE: RBLX):

Forward Looking Guidance4

Roblox provides its third quarter and updated full year 2024 GAAP and non-GAAP guidance:

Third Quarter 2024 Guidance

• Revenue between $860 million and $885 million.
• Bookings between $1,000 million and $1,025 million.
• Consolidated net loss between $(275) million and $(255) million.
• Adjusted EBITDA between $22 million and $42 million, which excludes adjustments for:
  • Increase in deferred revenue of $145 million.
  • Increase in deferred cost of revenue of $(32) million.
  • The total of these changes in deferrals of $113 million.
• Net cash and cash equivalents provided by operating activities between $147 million and $162 million.
• Capital expenditures and purchases of intangible assets of $(42) million.
• Free cash flow between $105 million and $120 million.

Updated Full Year 2024 Guidance

• Revenue between $3,490 million and $3,540 million.
• Bookings between $4,180 million and $4,230 million.
• Consolidated net loss between $(1,089) million and $(1,049) million.
• Adjusted EBITDA between $92 million and $132 million, which excludes adjustments for:
  • Increase in deferred revenue of $711 million.
  • Increase in deferred cost of revenue of $(163) million.
  • The total of these changes in deferrals of $548 million.
• Net cash and cash equivalents provided by operating activities between $685 million and $715 million.
• Capital expenditures and purchases of intangible assets of $(180) million.
• Free cash flow between $505 million and $535 million.

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