Q4 2024 Roblox Corp Earnings Call Transcript
Key Points
- Roblox Corp (RBLX) reported Q4 revenue of $988 million, up 32% year-on-year, surpassing their guidance.
- Q4 bookings reached $1.362 billion, a 21% increase year-on-year, exceeding expectations.
- Daily Active Users (DAUs) grew to 85.3 million in Q4, marking a 19% year-on-year increase, with significant growth in Japan and India.
- Roblox Corp (RBLX) achieved a record high of 18.7 billion hours of engagement in Q4, up 21% year-on-year.
- Free cash flow for the year increased over five times from $124 million in 2023 to $641 million in 2024.
- Developer exchange costs (DevEx) increased by 25%, with $922 million shared with the developer community in 2024.
- Trust and safety infrastructure costs rose by 2% year-on-year, despite efforts to improve efficiency.
- Personnel costs, excluding stock-based compensation, amounted to $200 million, representing 20% of revenue.
- There was a slight decline in DAUs from Q3 to Q4, attributed to lapping the launch of PlayStation and Xbox updates.
- Eastern Europe, particularly Turkey, experienced slower DAU growth, impacting overall user growth in the region.
Good morning. My name is John and I will be your conference operator today. At this time, I would like to welcome everyone to the Roblox's fourth-quarter and fiscal year 2024 earnings conference call. (Operator Instructions) Thank you.
I would now like to turn the call over to Stefanie Notaney. You may now begin your conference.
Thank you, John. Good morning, everyone. Thank you for joining our Q&A session to discuss Roblox's Q4 and full year 2024 results. With me today is Roblox's Co-Founder and CEO, David Baszucki; and CFO, Mike Guthrie.
Our shareholder letter, press release, SEC filings, supplemental slides, and a replay of today's call can be found on our Investor Relations website. Our commentary today may include forward-looking statements, which are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those described in our forward-looking statements.
A description of these risks,
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