Summary by Moomoo AI
On February 7, 2024, Roblox Corporation released its financial results for the fourth quarter and full year of 2023, and provided guidance for the full year and first quarter of 2024. The announcement, made through a press release and a shareholder letter, was also furnished to the SEC in a Form 8-K report. Roblox reported a 30% year-over-year increase in Q4 revenue to $749.9 million, and a 25% increase in bookings to $1.126.8 million. Despite the revenue growth, the company posted a net loss of $323.7 million for the quarter. The full year results showed a 26% increase in revenue to $2.799.3 million and a 23% increase in bookings to $3.520.8 million, with a net loss of $1.151.9 million. Daily Active Users (DAUs) grew by 22% year-over-year to 71.5 million in Q4, and hours...Show More