Document

展示99.1

ロブロックスは2024年第3四半期の財務結果を報告しました

主要な財務および運営メトリクス全体で強力な成長；売上高は前年比29％増、受注は前年比34％増1 、DAU数は前年比27％増、エンゲージ時間は前年比29％増と過去最高を更新

2024年10月31日、カリフォルニア州サンマテオ。 - ロブロックス社（nyse: RBLX）、数百万人を共有の体験を通じて結びつけるグローバルプラットフォームが、2024年第3四半期の財務および運営結果を発表し、2024年第4四半期および更新された2024年全体の見通しを本日発表しました。別途、ロブロックスは株主への書簡と補足資料を、Roblox投資家向けウェブサイトのir.roblox.comに掲載しました。

2024年第3四半期の財務、業務、流動性のハイライト

•売上高は$91900万で、前年比29%増加しました。

•ブッキング数は、2022年の全売上高でUS$2.8 billionに対して、US$1.8 billionでした。1 売上高は1億1285万ドルで、前年比34％増。

•一般株主に帰属する純損失は$23930万で、総合純損失は$24040万でした。

•調整後のEBITDA1 売上高は5億5000万ドルでした。これには、調整後の売上高と売上原価の増加がそれぞれ2億1630万ドルと（47.9）百万ドルを除いた合計変更額の16840万ドルが含まれています。

•営業活動による純現金及び現金同等物は2億4740万ドルで、前年同期比120%増加しました。一方、フリーキャッシュフロー1 は2億1800万ドルで、前年同期比266%増加しました。

•デイリーアクティブユーザー（dau）は88.9百万人で、前年比27%増加しました。

•月間ユニークペイヤーは1910万人で、前年比30%増加しました。月間ユニークペイヤーごとの平均受注額は$19.70です。

•エンゲージメント時間は207億時間で、前年比29%増加しました前年比

•デイリーアクティブユーザーあたりの平均予約額は12.70ドルで、前年比6％増加しました。

•現金及び現金同等物、新規売の投資、および新規買の投資は$39億で、純流動性2 は$29億。

“ロブロックス’の優れた第3四半期の結果は、当社プラットフォームの強みと成長戦略の効果を示しています。’特に、クリエイターの力を引き出し、社会的つながりを育み、グローバルな展開を進めてきたことを誇りに思っています。’今後を見据える中で、私たちは遊びのための世界最大のソーシャルプラットフォームを構築することに取り組んでおり、引き続きの革新と安全に対する注力が株主と広範なロブロックスコミュニティに長期的な価値を生み出すと確信しています。”’と述べたのは、ロブロックスの創業者でCEOのデイヴィッド・バズッキ氏です。

2024年第3四半期において、全セクターにおいて主要な財務および運営指標が高い伸びを示し、すべての場合にわたり、Q2 2024の決算説明会で提供したガイダンスを上回る成長を遂げました。売上高は29%、ブッキングは34%、DAUは27%、利用時間は29%の大幅な前年比成長となりました。これは、ロブロックスの最高財務責任者であるマイケル・ガスリーが述べています。

1 予約数、調整後のEBITDA、およびフリーキャッシュフローは、当社の業績を評価するのに役立つと考えられる非GAAP財務指標であり、補完情報の提供を目的として提示されているものであり、一般に受け入れられる会計原則（GAAP）に準拠した財務情報とは分離して単独で考慮されるべきではなく、また、その代替として考慮されるべきではありません。詳細については、以下および私たちの年次および四半期のSEC提出書類に提供されている定義と調整を参照してください。

2 純流動資産は、現金及び現金同等物、短期投資、新規買を表し、長期負債を差し引いたものです。

将来を見据えたガイダンス

ロブロックスは、第4四半期および更新された2024年のGAAPおよび非GAAPのガイダンスを提供しています:

2024年第4四半期のガイダンス

•売上高は$93500万から$96000万の間です。

•133600万ドルから136100万ドルの予約。

•純損失は3億300万ドルから2億8300万ドルの間です。

•調整後のEBITDAは、1000万ドルから3000万ドルの間で、次の調整を除外した金額です:

・延長売上高は$40600万円増加しました。

・売上高の先延ばしコストが8600万ドル増加しました。

・これらの延期変更の総額は$32000万です。

•営業活動による現金及び現金同等物の純現金は$17000万です」「Crime Cam 24/7」 $18500万です。

•資本支出と無形資産の購入額は7000万ドルです。

•フリーキャッシュフローは10000万ドルから1億1500万ドルの間です。

2024年通年の見通しアップデート

•売上高は$354,900万から$357,400万の間です。

•予約収入は$434,300万から$436,800万の間です。

•1,023百万ドルから1,003百万ドルの間の合算純損失。

•調整後のEBITDAは$12,500万から$14,500万の間で、次の調整は除外されます:

・81700万ドルの売掛金増加。

・費用売上高の186百万ドルの増加。

・これらの変動の純積み変化は63100万ドルです。

•営業活動による純現金及び現金同等物は$8,0800万〜 $8,2300万です。

•資本支出および無形資産の購買額はマイナス$1億8700万です。

•フリーキャッシュフローは$62100万から$63600万の間です.

収益Q&Aセッション

ロブロックスは2024年第3四半期の業績に関する質疑応答セッションを10月31日木曜日の午前5時30分（太平洋時間）／午前8時30分（東部時間）に開催します。ウェブキャストはir.roblox.comで一般公開されます。またはこちらをクリックしてください。

出典：Nutex Health, Inc。

このプレスリリースには、1995年の民事訴訟改革法の「セーフハーバー」条項の意味における「前向きな見通し」という表現が含まれており、グローバルDAU 10億人に接続するビジョン、グローバルゲームソフトウェア市場の10%に到達するビジョン、Robloxプラットフォームを改良する取り組み、プラットフォーム上で最高水準の信頼と安全性を追求するための投資、私たちの没入型ビデオ広告の取り組み、広告マネージャーや独立した計測提携を含む広告の取り組み、子どもたちに安全なオンライン環境を提供する取り組み、コンテンツのキュレーション、ライブオペレーション、プラットフォーム全体のイベントに関する取り組み、現実世界のショッピングに関する取り組み、プラットフォーム上での人工知能（AI）の使用、クリエーターの収益とプラットフォームの収益に関連する経済および製品の取り組み、スポンサードエクスペリエンス、ブランディング、新しい提携およびそれぞれに関するロードマップ、ビジネス、製品、戦略およびユーザー数の成長、財務および運用指標の改善の機会および期待に関する投資戦略、運用レバレッジ、マージン、フリーキャッシュフロー、営業費用、設備投資など、成功裏にこれらの戦略と計画を実行することへの期待、ビジネスの季節性に関する開示、開示および将来の成長率、サードパーティークラウドプロバイダーとの契約からの利益、インフラの効率改善イニシアティブの開示、支払用ユーザーの平均生存期間の変更およびそれによる売上高、売上原価、前払い収益、前払い原価に対する影響、将来の純損失および運用活動により提供される純キャッシュ及び現金及び現金同等物に関する期待、最高経営責任者および最高財務責任者による発言、及び2024年第4四半期および通期、および将来の期間に対する見通しとガイダンスに関する声明が含まれています。これらの前向きな見通しには、初めて発行された日付をもとにして作成され、現行の計画、期待、見積もり、予測、および投影、および管理陣の信念と仮定に基づいていました。「期待する」「ビジョン」「構想する」「進化する」「推進する」「予見する」「意図する」「維持する」「すべき」「信じる」「続ける」「計画する」「目標」「機会」「見積もる」「予測する」「可能性がある」「将来時」「できるだろう」といった言葉など、これらの前向きな見通しを特定する目的で意図された存在しています。前向きな見通しは、我々の管理下にない要素や状況を含む多くのリスクと不確実要因にさらされています。我々の実際の結果は、我々がSECとの提出書類に詳細に記載しているリスクを含め、幾つかの要因のため前向きな見通しに示されたり意味付けされたりした結果と異なる可能性があります。様々な要因により、これらの前向きな見通しによると示される結果が実際に発揮されない可能性があります。私たちのビジネスと成長戦略を成功裏に実行する能力、我々の現金及び現金同等物の充分性、含めシニアノートの償還を含む流動性ニーズの満たし方、一般的に当社のプラットフォームへの需要、ユーザー、開発者、クリエイターの保持および増加の能力、我々の業務にインフレーションやグローバル経済状況が及ぼす影響、我々のビジネスに対する法的及び規制要件の変更の影響、検証された親権同意の使用を含む；我々のプラットフォームを向上させ、市場に適時に適応させる能力、我々のブランドを開発・守護し、新たな提携を構築する能力、我々のプラットフォームでのユーザーデータの誤用や他者による望ましくない活動の影響、我々のプラットフォームのセキュリティと利用可能性を維持する能力、我々のプラットフォームの未承認使用を検知し、最小限に抑える能力、及び我々のプラットフォーム、ユーザー、クリエイター、開発者に対する人工知能の影響の影響。実際の結果が我々の期待と大きく異なる可能性がある他のリスクや不確実要因に関する追加情報は、SECに提出した、また将来提出する報告書に含まれております。これらの報告書には、Form 10-kでの年次報告とForm 10-Qでの四半期報告が含まれています。

The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, we undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Special Note Regarding Operating Metrics

Additional information regarding our core financial and operating metrics disclosed above is included in the reports we have filed or will file with the SEC, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We encourage investors and others to review these reports in their entirety.

ROBLOX CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par values)

(unaudited)


	As of
	September 30, 2024		December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$	602,631	$	678,466
Short-term investments	1,720,323		1,514,808
Accounts receivable—net of allowances	385,591		505,769
Prepaid expenses and other current assets	70,702		74,549
Deferred cost of revenue, current portion	588,915		501,821
Total current assets	3,368,162		3,275,413
Long-term investments	1,558,846		1,043,399
Property and equipment—net	642,637		695,360
Operating lease right-of-use assets	626,486		665,107
Deferred cost of revenue, long-term	295,894		283,326
Intangible assets, net	38,486		53,060
Goodwill	142,236		142,129
Other assets	15,215		10,284
Total assets	$	6,687,962	$	6,168,078
Liabilities and Stockholders’ equity
Current liabilities:
Accounts payable	$	42,842	$	60,087
Accrued expenses and other current liabilities	273,694		271,121
Developer exchange liability	330,271		314,866
Deferred revenue—current portion	2,792,396		2,406,292
Total current liabilities	3,439,203		3,052,366
Deferred revenue—net of current portion	1,397,803		1,373,250
Operating lease liabilities	620,257		646,506
Long-term debt, net	1,006,023		1,005,000
Other long-term liabilities	46,218		22,330
Total liabilities	6,509,504		6,099,452

Stockholders’ equity
Common stock, $0.0001 par value; 5,000,000 authorized as of September 30, 2024 and December 31, 2023, 656,132 and 631,221 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; Class A common stock—4,935,000 shares authorized as of September 30, 2024 and December 31, 2023, 607,454 and 581,135 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; Class B common stock—65,000 shares authorized as of September 30, 2024 and December 31, 2023, 48,678 and 50,086 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	62		61
Additional paid-in capital	3,949,491		3,134,946
Accumulated other comprehensive income/(loss)	16,416		1,536
Accumulated deficit	(3,776,064)		(3,060,253)
Total Roblox Corporation Stockholders’ equity	189,905		76,290
Noncontrolling interest	(11,447)		(7,664)
Total Stockholders’ equity	178,458		68,626
Total Liabilities and Stockholders’ equity	$	6,687,962	$	6,168,078

ROBLOX CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Revenue(1)	$	918,953	$	713,225	$	2,613,796	$	2,049,335
Cost and expenses:
Cost of revenue(1)(2)	204,998		163,581		582,421		477,451
Developer exchange fees	231,536		170,719		642,211		519,002
Infrastructure and trust & safety	244,598		218,968		692,596		655,051
Research and development	365,424		321,613		1,089,173		912,469
General and administrative	98,733		97,508		302,184		291,279
Sales and marketing	52,592		40,874		124,416		97,957
Total cost and expenses	1,197,881		1,013,263		3,433,001		2,953,209
Loss from operations	(278,928)		(300,038)		(819,205)		(903,874)
Interest income	46,718		36,442		133,271		102,288
Interest expense	(10,286)		(10,268)		(30,853)		(30,409)
Other income/(expense), net	2,352		(4,262)		(1,309)		(1,425)
Loss before income taxes	(240,144)		(278,126)		(718,096)		(833,420)
Provision for/(benefit from) income taxes	303		682		1,466		177
Consolidated net loss	(240,447)		(278,808)		(719,562)		(833,597)
Net loss attributable to noncontrolling interest	(1,123)		(1,650)		(3,751)		(5,349)
Net loss attributable to common stockholders	$	(239,324)	$	(277,158)	$	(715,811)	$	(828,248)
Net loss per share attributable to common stockholders, basic and diluted	$	(0.37)	$	(0.45)	$	(1.11)	$	(1.35)
Weighted-average shares used in computing net loss per share attributable to common stockholders—basic and diluted	650,961		619,350		642,977		612,938

(1)Beginning April 1, 2024, the estimated average lifetime of a payer changed from 28 months to 27 months. Based on the carrying amount of deferred revenue and deferred cost of revenue as of March 31, 2024, the change resulted in an increase in revenue and cost of revenue during the three months ended September 30, 2024 of $26.4 million and $5.4 million, respectively, and $85.3 million and $17.8 million, respectively, during the nine months ended September 30, 2024. This change will increase our fiscal year 2024 revenue and cost of revenue by $98.0 million and $20.4 million, respectively. Refer to “Basis of Presentation and Summary of Significant Accounting Policies — Revenue Recognition” as described in the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for further background on the Company’s process to estimate the average lifetime of a payer.

(2)Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety.

ROBLOX CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Cash flows from operating activities:
Consolidated net loss	$	(240,447)	$	(278,808)	$	(719,562)	$	(833,597)
Adjustments to reconcile net loss including noncontrolling interest to net cash and cash equivalents provided by operations:
Depreciation and amortization expense	68,613		53,600		175,126		153,611
Stock-based compensation expense	265,165		220,022		757,558		617,288
Operating lease non-cash expense	31,104		26,048		88,592		70,801
(Accretion)/amortization on marketable securities, net	(20,909)		(20,474)		(60,442)		(52,219)
Amortization of debt issuance costs	344		331		1,023		982
Impairment expense, (gain)/loss on investment and other asset sales, and other, net	1,907		1,578		2,350		7,747
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable	(40,585)		(29,454)		119,460		93,174
Prepaid expenses and other current assets	16,295		4,298		3,340		(1,861)
Deferred cost of revenue	(46,876)		(23,477)		(99,491)		(62,074)
Other assets	1,744		502		(4,922)		(6,189)
Accounts payable	4,424		2,279		(4,404)		3,855
Accrued expenses and other current liabilities	8,238		19,745		(15,278)		(2,599)
Developer exchange liability	(18)		18,880		15,405		7,724
Deferred revenue	212,159		130,943		409,809		360,098
Operating lease liabilities	(25,292)		(15,994)		(54,621)		(46,837)
Other long-term liabilities	11,564		2,685		23,882		4,971
Net cash and cash equivalents provided by operating activities	247,430		112,704		637,825		314,875
Cash flows from investing activities:
Acquisition of property and equipment	(29,405)		(53,196)		(115,786)		(255,470)
Payments related to business combination, net of cash acquired	(840)		(3,859)		(2,840)		(3,859)
Purchases of intangible assets	—		—		(1,370)		(13,500)
Purchases of investments	(1,607,405)		(761,151)		(3,474,187)		(3,803,911)
Maturities of investments	842,450		632,000		2,431,770		956,010
Sales of investments	161,547		117,487		394,853		346,766
Net cash and cash equivalents used in investing activities	(633,653)		(68,719)		(767,560)		(2,773,964)
Cash flows from financing activities:
Proceeds from issuance of common stock	19,949		16,209		57,196		47,316

Proceeds from debt issuances	—		—		—		14,700

Financing payments related to acquisitions	—		—		(4,450)		(750)

Net cash and cash equivalents provided by financing activities	19,949		16,209		52,746		61,266
Effect of exchange rate changes on cash and cash equivalents	2,499		(409)		1,154		398
Net increase/(decrease) in cash and cash equivalents	(363,775)		59,785		(75,835)		(2,397,425)
Cash and cash equivalents
Beginning of period	966,406		520,264		678,466		2,977,474
End of period	$	602,631	$	580,049	$	602,631	$	580,049

Non-GAAP Financial Measures

This press release and the accompanying tables contain the non-GAAP financial measure bookings, Adjusted EBITDA, and free cash flow.

We use this non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that this non-GAAP financial information may be helpful to investors because it provides consistency and comparability with past financial performance.

Bookings is defined as revenue plus the change in deferred revenue during the period and other non-cash adjustments. Substantially all of our bookings are generated from sales of virtual currency, which can ultimately be converted to virtual items on the Roblox Platform. Sales of virtual currency reflected as bookings include one-time purchases and monthly subscriptions purchased via payment processors or through prepaid cards. Bookings also include an insignificant amount from advertising and licensing arrangements. We believe bookings provide a timelier indication of trends in our operating results that are not necessarily reflected in our revenue as a result of the fact that we recognize the majority of revenue over the estimated average lifetime of a paying user. The change in deferred revenue constitutes the vast majority of the reconciling difference from revenue to bookings. By removing these non-cash adjustments, we are able to measure and monitor our business performance based on the timing of actual transactions with our users and the cash that is generated from these transactions. Adjusted EBITDA represents our GAAP consolidated net loss, excluding interest income, interest expense, other income/(expense), provision for/(benefit from) income taxes, depreciation and amortization expense, stock-based compensation expense, and certain other nonrecurring adjustments. We believe that, when considered together with reported GAAP amounts, Adjusted EBITDA is useful to investors and management in understanding our ongoing operations and ongoing operating trends. Our definition of Adjusted EBITDA may differ from the definition used by other companies and therefore comparability may be limited. Free cash flow represents the net cash and cash equivalents provided by operating activities less purchases of property, equipment, and intangible assets acquired through asset acquisitions. We believe that free cash flow is a useful indicator of our unit economics and liquidity that provides information to management and investors about the amount of cash generated from our core operations that, after the purchases of property, equipment, and intangible assets acquired through asset acquisitions, can be used for strategic initiatives.

Non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial information as a tool for comparison. As a result, our non-GAAP financial information is presented for supplemental informational purposes only and should not be considered in isolation from, or as a substitute for financial information presented in accordance with GAAP.

Reconciliation tables of the most comparable GAAP financial measure to the non-GAAP financial measure used in this press release are included below. We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measures.

GAAP to Non-GAAP Financial Measures Reconciliations

The following table presents a reconciliation of revenue, the most directly comparable financial measure calculated in accordance with GAAP, to bookings, for each of the periods presented (in thousands, unaudited):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Reconciliation of revenue to bookings:
Revenue	$	918,953	$	713,225	$	2,613,796	$	2,049,335
Add (deduct):
Change in deferred revenue	216,325		130,957		410,657		360,112
Other	(6,758)		(4,729)		(16,998)		(15,489)
Bookings	$	1,128,520	$	839,453	$	3,007,455	$	2,393,958

The following table presents a reconciliation of consolidated net loss, the most directly comparable financial measure calculated in accordance with GAAP, to Adjusted EBITDA, for each of the periods presented (in thousands, unaudited):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Reconciliation of consolidated net loss to Adjusted EBITDA:
Consolidated net loss	$	(240,447)	$	(278,808)	$	(719,562)	$	(833,597)
Add (deduct):
Interest income	(46,718)		(36,442)		(133,271)		(102,288)
Interest expense	10,286		10,268		30,853		30,409
Other (income)/expense, net	(2,352)		4,262		1,309		1,425
Provision for/(benefit from) income taxes	303		682		1,466		177
Depreciation and amortization expense(A)	68,613		53,600		175,126		153,611
Stock-based compensation expense	265,165		220,022		757,558		617,288
RTO severance charge(B)	108		—		1,101		—
Other non-cash charges(C)	—		—		—		6,988
Adjusted EBITDA	$	54,958	$	(26,416)	$	114,580	$	(125,987)

(A)Includes a one-time charge of $17.9 million related to the re-assessment of the estimated useful life of certain software licenses, resulting in the acceleration of their remaining depreciation within infrastructure and trust & safety expenses.

(B)Relates to cash severance costs associated with the Company’s return-to-office (“RTO”) plan announced in October 2023, which required a subset of the Company’s remote employees to begin working from the San Mateo headquarters for three days a week, beginning in the summer of 2024.

(C)Includes impairment expenses related to certain operating lease right-of-use assets and related property and equipment.

The following table presents a reconciliation of net cash and cash equivalents provided by operating activities, the most directly comparable financial measure calculated in accordance with GAAP, to free cash flow, for each of the periods presented (in thousands, unaudited):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Reconciliation of net cash and cash equivalents provided by operating activities to free cash flow:
Net cash and cash equivalents provided by operating activities	$	247,430	$	112,704	$	637,825	$	314,875
Deduct:
Acquisition of property and equipment	(29,405)		(53,196)		(115,786)		(255,470)
Purchases of intangible assets	—		—		(1,370)		(13,500)
Free cash flow	$	218,025	$	59,508	$	520,669	$	45,905

Forward Looking Guidance3: GAAP to Non-GAAP Financial Measures Reconciliations


	Guidance				Updated Guidance
	Three Months Ended December 31, 2024				Twelve Months Ended December 31, 2024
	Low		High		Low		High
Reconciliation of revenue to bookings:
Revenue	$	935,000	$	960,000	$	3,548,796	$	3,573,796
Add (deduct):
Change in deferred revenue	406,000		406,000		816,657		816,657
Other	(5,000)		(5,000)		(21,998)		(21,998)
Bookings	$	1,336,000	$	1,361,000	$	4,343,455	$	4,368,455


	Guidance				Updated Guidance
	Three Months Ended December 31, 2024				Twelve Months Ended December 31, 2024
	Low		High		Low		High
Reconciliation of consolidated net loss to Adjusted EBITDA:
Consolidated net loss	$	(303,000)	$	(283,000)	$	(1,022,562)	$	(1,002,562)
Add (deduct):
Interest income	(40,000)		(40,000)		(173,271)		(173,271)
Interest expense	11,000		11,000		41,853		41,853
Other (income)/expense, net	—		—		1,309		1,309
Provision for/(benefit from) income taxes	2,000		2,000		3,466		3,466
Depreciation and amortization expense	55,000		55,000		230,126		230,126
Stock-based compensation expense	285,000		285,000		1,042,558		1,042,558
RTO severance charge(A)	—		—		1,101		1,101

Adjusted EBITDA	$	10,000	$	30,000	$	124,580	$	144,580

(A)Relates to cash severance costs associated with the Company’s RTO plan announced in October 2023, which required a subset of the Company’s remote employees to begin working from the San Mateo headquarters for three days a week, beginning in the summer of 2024.

3 Beginning April 1, 2024, the estimated average lifetime of a payer changed from 28 months to 27 months, which is reflected in our fourth quarter and updated full year 2024 GAAP and non-GAAP guidance. Based on the carrying amount of deferred revenue and deferred cost of revenue as of March 31, 2024, the April 1, 2024 change in estimated average lifetime of a payer will result in an increase in revenue and cost of revenue of $12.7 and $2.6 million, respectively, during the fourth quarter of 2024 and an increase in revenue and cost of revenue of $98.0 million and $20.4 million, respectively, during the full year 2024. Refer to “Basis of Presentation and Summary of Significant Accounting Policies — Revenue Recognition” as described in the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for further background on the Company’s process to estimate the average lifetime of a payer.


	Guidance				Updated Guidance
	Three Months Ended December 31, 2024				Twelve Months Ended December 31, 2024
	Low		High		Low		High
Reconciliation of net cash and cash equivalents provided by operating activities to free cash flow:
Net cash and cash equivalents provided by operating activities	$	170,000	$	185,000	$	807,825	$	822,825
Deduct:
Acquisition of property and equipment	(70,000)		(70,000)		(185,786)		(185,786)
Purchase of intangible assets	—		—		(1,370)		(1,370)
Free cash flow	$	100,000	$	115,000	$	620,669	$	635,669

About Roblox

Roblox is an immersive platform for connection and communication. Every day, millions of people come to Roblox to create, play, work, learn, and connect with each other in experiences built by our global community of creators. Our vision is to reimagine the way people come together– in a world that is safe, civil, and optimistic. To achieve this vision, we are building an innovative company that, together with the Roblox community, has the ability to strengthen our social fabric and support economic growth for people around the world. For more about Roblox, please visit corp.roblox.com.

CONTACTS

Stefanie Notaney

Roblox Corporate Communications

press@roblox.com

Source: Roblox Corporation