Roblox (RBLX) Tops Q1 EPS by 10c, Offers Guidance

Roblox (NYSE: RBLX) reported Q1 EPS of ($0.43), $0.10 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $801.3 million versus the consensus estimate of $769 million.

• Bookings1 were $923.8 million, up 19% year-over-year.

GUIDANCE:

Roblox sees Q2 2024 revenue of $855-880 million, versus the consensus of $805.2 million.

Second Quarter 2024 Guidance

• Revenue between $855 million and $880 million.
• Bookings between $870 million and $900 million.
• Consolidated net loss between $(267) million and $(265) million.
• Adjusted EBITDA between $36 million and $38 million, which excludes adjustments for:
• Increase in deferred revenue between $18 million and $23 million.
• Increase in deferred cost of revenue between $(7) million and $(9) million.
• The total of these changes in deferrals between $11 million and $14 million.
• Net cash and cash equivalents provided by operating activities between $61 million and $68 million.
• Capital expenditures and purchases of intangible assets of approximately $(45) million.
• Free cash flow between $16 million and $23 million.

Updated Full Year 2024 Guidance

• Revenue between $3,450 million and $3,525 million.
• Bookings between $4,000 million and $4,100 million.
• Consolidated net loss between $(1,096) million and $(1,044) million.
• Adjusted EBITDA between $95 million and $147 million, which excludes adjustments for:
• Increase in deferred revenue between $568 million and $593 million.
• Increase in deferred cost of revenue between $(133) million and $(140) million.
• The total of these changes in deferrals between $435 million and $453 million.
• Net cash and cash equivalents provided by operating activities between $530 million and $600 million.
• Capital expenditures and purchases of intangible assets of approximately $(180) million.
• Free cash flow between $350 million and $420 million.

For earnings history and earnings-related data on Roblox (RBLX) click here.

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