Roblox Corp (NYSE:RBLX)

$ 51.18 1.18 (2.36%) Market Cap: 33.59 Bil Enterprise Value: 32.25 Bil PE Ratio: 0 PB Ratio: 176.48 GF Score: 83/100

Q3 2024 Roblox Corp Earnings Call Transcript

Oct 31, 2024 / 12:30 PM GMT

Release Date Price: $51.72 (+19.89%)

Transcript 10-Q8-K

Key Points

Positve

Roblox Corp (RBLX) reported a 29% year-on-year increase in revenue for Q3, surpassing their guidance.
The company achieved a 34% year-on-year growth in bookings, exceeding their forecast.
Daily Active Users (DAUs) reached a record 88.9 million, with significant growth in key regions like Japan and India.
Roblox Corp (RBLX) saw a 29% year-on-year increase in hours engaged, indicating strong user engagement.
The company reported a 66% increase in free cash flow, demonstrating strong financial health and operational efficiency.

Negative

Infrastructure trust and safety costs increased by 4% year-on-year, indicating rising expenses in maintaining platform safety.
Personnel costs, excluding stock-based compensation, accounted for 22% of revenue, which could impact profitability.
Despite strong growth, the company remains at less than 3% of its total addressable market in the gaming sector, highlighting a long road ahead for market penetration.
The company is not yet ready to endorse a higher long-term growth rate despite recent strong performance, indicating cautious optimism.
There is a reliance on AI for safety and discovery, which could pose risks if technological advancements do not meet expectations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RBLX.N - Roblox Corp
Q3 2024 Roblox Corp Earnings Call
Oct 31, 2024 / 12:30PM GMT

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Presentation
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Unidentified Participant [1]
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So internally developed voice safety model, which we have now open sourced to the world on hugging phase has been downloaded over 10,000 times and is being adopted by numerous other organizations as part of achieving our mission one ever stop working to make roadblocks as safe and simple as possible.

And this goes all the way to the core of our values.

one of our core values is respect the community.

We consider our impact on the world's.

We strive to make decisions with everyone's best interests in mind and to communicate authentically.

We prioritize our community, including users and investors above the company.

And when we report our results to investors, we strive to be accurate,

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