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    Roblox Reports First Quarter 2025 Financial Results

    5/1/25 8:00:00 AM ET
    $RBLX
    Computer Software: Prepackaged Software
    Technology
    Get the next $RBLX alert in real time by email

    Substantial year-over-year growth exceeds guidance across all key metrics

    Roblox Corporation (NYSE:RBLX), a global platform bringing millions of people together through shared experiences, released its first quarter 2025 financial and operational results and issued its second quarter and updated full year 2025 guidance today. Separately, Roblox posted a letter to shareholders and supplemental materials on the Roblox investor relations website at ir.roblox.com.

    First Quarter 2025 Financial, Operational, and Liquidity Highlights

    • Revenue was $1,035.2 million, up 29% year-over-year, and up 30% year-over-year on a constant currency basis1.
    • Bookings2 were $1,206.7 million, up 31% year-over-year, and up 33% year-over-year on a constant currency basis1.
    • Net loss attributable to common stockholders was $215.1 million, while consolidated net loss was $216.3 million.
    • Adjusted EBITDA2 was $58.0 million, which excludes adjustments for increases in deferred revenue and deferred cost of revenue of $177.9 million and $(30.8) million, respectively, or a total change in deferred of $147.1 million.
    • Net cash and cash equivalents provided by operating activities were $443.9 million, up 86% year-over-year, while free cash flow2 was $426.5 million, up 123% year-over-year.
      • Note that both operating cash flow and free cash flow benefited from the delay of a $30 million payout to a developer that we now expect to pay in the second quarter of 2025. Had we made this payment in the first quarter of 2025 as originally intended, operating cash flow for the quarter would have been $413.9 million and free cash flow would have been $396.5 million. The year-over-year growth rates in operating cash flow and free cash flow would have been 73% and 108%, respectively.
    • Average Daily Active Users ("DAUs") were 97.8 million, up 26% year-over-year.
    • Average monthly unique payers were 20.2 million, up 29% year-over-year, and average bookings per monthly unique payer was $19.92.
    • Hours engaged were 21.7 billion, up 30% year-over-year.
    • Average bookings per DAU ("ABPDAU") was $12.34, up 4% year-over-year, and up 6% year-over-year on a constant currency basis1.
    • Cash and cash equivalents, short-term investments, and long-term investments totaled $4,510.5 million; net liquidity3 was $3,503.8 million.

    "In Q1 2025, all of our results were above the guidance we provided on our Q4 2024 earnings call as we continue to deliver on several key growth initiatives. In addition to our focus on raw performance and quality, investments in the virtual economy and search and discovery are driving growth in platform monetization, bookings, and creator earnings. During the quarter, Roblox creators earned a record $281.6 million and over the past 12 months, more than 100 Roblox developers earned over $1 million. As a whole, the community is on pace to exceed $1 billion of earnings for the full year," said David Baszucki, founder and CEO of Roblox.

    "We accelerated topline growth in Q1 2025 with revenue growing 29% year-over-year and bookings growing 31% year-over-year. Topline growth was strong in all regions. We continued to deliver high rates of improvement in margins as a result of both strong topline growth and operating efficiencies primarily related to the cost of headcount and infrastructure and trust and safety. Cash flow from operations and free cash flow both reached record levels, grew year-over-year at high rates, and exceeded our prior guidance," said Michael Guthrie, chief financial officer of Roblox.

    1 Constant currency is calculated by converting our current period bookings and associated revenue generated from current period bookings, and current period ABPDAU into U.S. dollars using the comparative prior period's monthly exchange rates for our non-USD currencies, rather than the actual average exchange rates in effect during the current period. By adjusting revenue, bookings, and ABPDAU for constant currency, we are able to provide a framework for assessing how our business performed excluding the effect of foreign currency rate fluctuations.

    2 Bookings, Adjusted EBITDA, and free cash flow are non-GAAP financial measures that we believe are useful in evaluating our performance and are presented for supplemental information purposes only and should not be considered in isolation from, or as a substitute for, financial information presented in accordance with GAAP. For further information, please refer to definitions and reconciliations provided below and in our annual and quarterly SEC filings.

    3 Net liquidity represents cash and cash equivalents, short-term investments, and long-term investments, less long-term debt, net.

    Forward Looking Guidance

    Roblox provides its second quarter and updated full year 2025 GAAP and non-GAAP guidance:

    Second Quarter 2025 Guidance

    • Revenue between $1,020 million and $1,045 million. Our revenue guidance assumes that there are no material changes in estimates used in our revenue recognition, such as the estimated average lifetime of a paying user.
    • Bookings between $1,165 million and $1,190 million.
    • Consolidated net loss between $(288) million and $(268) million.
    • Adjusted EBITDA between $25 million and $45 million, which excludes adjustments for:
      • Increase in deferred revenue of $150 million.
      • Increase in deferred cost of revenue of $(15) million.
      • The total of these changes in deferrals of $135 million.
    • Net cash and cash equivalents provided by operating activities between $160 million and $175 million.
      • Note that operating cash flow is negatively impacted by a $30 million payout to a developer that was delayed in the first quarter of 2025, and which we now expect to pay in the second quarter of 2025. Had we made this payment in the first quarter of 2025, our guidance for net cash and cash equivalents provided by operating activities for the second quarter of 2025 would have been $190 million - $205 million, or year-over-year increases of 25-35%.
    • Capital expenditures of $(55) million.
    • Free cash flow between $105 million and $120 million.
      • Had we made the aforementioned developer payment in the first quarter of 2025, our guidance for free cash flow for the second quarter of 2025 would have been $135 million - $150 million, or a year-over-year change of 21-34%.

    Updated Full Year 2025 Guidance

    • Revenue between $4,290 million and $4,365 million. Our revenue guidance assumes that there are no material changes in estimates used in our revenue recognition, such as the estimated average lifetime of a paying user.
    • Bookings between $5,285 million and $5,360 million.
    • Consolidated net loss between $(1,037) million and $(977) million.
    • Adjusted EBITDA between $205 million and $265 million, which excludes adjustments for:
      • Increase in deferred revenue of $1,015 million.
      • Increase in deferred cost of revenue of $(170) million.
      • The total of these changes in deferrals of $845 million.
    • Net cash and cash equivalents provided by operating activities between $1,170 million and $1,215 million.
    • Capital expenditures of $(285) million.
    • Free cash flow between $885 million and $930 million.

    Earnings Q&A Session

    Roblox will host a live Q&A session to answer questions regarding its first quarter 2025 results on Thursday, May 1, 2025 at 5:30 a.m. Pacific Time/8:30 a.m. Eastern Time. The webcast will be open to the public at ir.roblox.com or by clicking here.

    Forward-Looking Statements

    This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our vision to connect one billion users with optimism and civility, our vision to reach 10% of the global gaming content market, the amount of expected earnings for the developer and creator community, our efforts to improve the Roblox Platform, our investments to pursue the highest standards of trust and safety on our platform, our immersive and video advertising efforts, our efforts to provide a safe online environment for children, our efforts regarding content curation and live operations, our efforts regarding real world commerce, the use of AI and open source models on our platform, our economy, product efforts and operating performance related to pricing and platform monetization, our sponsored experiences, branding and new partnerships and our roadmap with respect to each, our business, product, strategy and user growth, our investment strategy, including with respect to people and opportunities for and expectations of improvements in financial and operating metrics, including operating leverage, margin, free cash flow, operating expenses and capital expenditures, our expectation of successfully executing such strategies and plans, disclosures regarding the seasonality of our business and future growth rates, including with respect to our user demographics, changes to our estimated average lifetime of a paying user and the resulting effect on revenue, cost of revenue, deferred revenue and deferred cost of revenue, our expectations of future net losses and net cash and cash equivalents provided by operating activities, payments to our developers and creators, statements by our Chief Executive Officer and Chief Financial Officer, and our outlook and guidance for the second quarter and full year 2025, and future periods. These forward-looking statements are made as of the date they were first issued and were based on current plans, expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Words such as "expect," "vision," "envision," "evolving," "drive," "anticipate," "intend," "maintain," "should," "believe," "continue," "plan," "goal," "opportunity," "estimate," "predict," "may," "will," "could," "hope," "target," "project," "potential," "might," "shall," "contemplate" and "would," and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to risks detailed in our filings with the Securities and Exchange Commission (the "SEC"), including our annual reports on Form 10-K, our quarterly reports on Form 10-Q and other filings and reports we make with the SEC from time to time. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: our ability to successfully execute our business and growth strategy; the sufficiency of our cash and cash equivalents to meet our liquidity needs, including the repayment of our senior notes; the demand for our platform in general; our ability to retain and increase our number of users, developers and creators; changes in the average lifetime of a paying user; the impact of inflation, tariffs and global economic conditions on our operations; the impact of changing legal and regulatory requirements on our business, including the use of verified parental consent; our ability to develop enhancements to our platform, and bring them to market in a timely manner; our ability to develop and protect our brand; any misuse of user data or other undesirable activity by third parties on our platform; our ability to maintain the security and availability of our platform; our ability to detect and minimize unauthorized use of our platform; and the impact of AI on our platform, users, creators, and developers. Additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from our expectations 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.

    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

     

    March 31, 2025

     

    December 31, 2024

    Assets

     

     

     

    Current assets:

     

     

     

    Cash and cash equivalents

    $

    1,158,680

     

     

    $

    711,683

     

    Short-term investments

     

    1,585,849

     

     

     

    1,697,862

     

    Accounts receivable—net of allowances

     

    403,506

     

     

     

    614,838

     

    Prepaid expenses and other current assets

     

    88,970

     

     

     

    75,415

     

    Deferred cost of revenue, current portion

     

    654,636

     

     

     

    628,232

     

    Total current assets

     

    3,891,641

     

     

     

    3,728,030

     

    Long-term investments

     

    1,766,011

     

     

     

    1,610,215

     

    Property and equipment—net

     

    617,127

     

     

     

    659,589

     

    Operating lease right-of-use assets

     

    660,471

     

     

     

    665,885

     

    Deferred cost of revenue, long-term

     

    326,240

     

     

     

    321,824

     

    Intangible assets, net

     

    29,983

     

     

     

    34,153

     

    Goodwill

     

    141,972

     

     

     

    141,688

     

    Other assets

     

    18,804

     

     

     

    13,619

     

    Total assets

    $

    7,452,249

     

     

    $

    7,175,003

     

    Liabilities and Stockholders' equity

     

     

     

    Current liabilities:

     

     

     

    Accounts payable

    $

    52,543

     

     

    $

    42,885

     

    Accrued expenses and other current liabilities

     

    277,249

     

     

     

    275,754

     

    Developer exchange liability

     

    346,160

     

     

     

    339,600

     

    Deferred revenue—current portion

     

    3,143,701

     

     

     

    3,004,969

     

    Total current liabilities

     

    3,819,653

     

     

     

    3,663,208

     

    Deferred revenue—net of current portion

     

    1,606,171

     

     

     

    1,567,007

     

    Operating lease liabilities

     

    666,957

     

     

     

    670,051

     

    Long-term debt, net

     

    1,006,722

     

     

     

    1,006,371

     

    Other long-term liabilities

     

    56,151

     

     

     

    59,712

     

    Total liabilities

     

    7,155,654

     

     

     

    6,966,349

     

    Stockholders' equity

     

     

     

    Common stock, $0.0001 par value; 5,000,000 authorized as of March 31, 2025 and December 31, 2024, 677,750 and 666,419 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; Class A common stock—4,935,000 shares authorized as of March 31, 2025 and December 31, 2024, 629,456 and 618,116 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; Class B common stock—65,000 shares authorized as of March 31, 2025 and December 31, 2024, 48,294 and 48,303 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively

     

    63

     

     

     

    62

     

    Additional paid-in capital

     

    4,516,341

     

     

     

    4,220,916

     

    Accumulated other comprehensive income/(loss)

     

    4,976

     

     

     

    (3,895

    )

    Accumulated deficit

     

    (4,210,693

    )

     

     

    (3,995,637

    )

    Total Roblox Corporation Stockholders' equity

     

    310,687

     

     

     

    221,446

     

    Noncontrolling interest

     

    (14,092

    )

     

     

    (12,792

    )

    Total Stockholders' equity

     

    296,595

     

     

     

    208,654

     

    Total Liabilities and Stockholders' equity

    $

    7,452,249

     

     

    $

    7,175,003

     

    ROBLOX CORPORATION

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (in thousands, except per share amounts)

    (unaudited)

     

     

    Three Months Ended

     

    March 31,

     

    2025

     

    2024

    Revenue

    $

    1,035,207

     

     

    $

    801,300

     

    Cost and expenses:

     

     

     

    Cost of revenue(1)

     

    224,725

     

     

     

    178,866

     

    Developer exchange fees

     

    281,564

     

     

     

    202,405

     

    Infrastructure and trust & safety

     

    242,127

     

     

     

    226,934

     

    Research and development

     

    374,600

     

     

     

    362,065

     

    General and administrative

     

    119,132

     

     

     

    97,824

     

    Sales and marketing

     

    47,768

     

     

     

    35,534

     

    Total cost and expenses

     

    1,289,916

     

     

     

    1,103,628

     

    Loss from operations

     

    (254,709

    )

     

     

    (302,328

    )

    Interest income

     

    46,323

     

     

     

    42,170

     

    Interest expense

     

    (10,350

    )

     

     

    (10,363

    )

    Other income/(expense), net

     

    3,259

     

     

     

    (346

    )

    Loss before income taxes

     

    (215,477

    )

     

     

    (270,867

    )

    Provision for/(benefit from) income taxes

     

    863

     

     

     

    1,053

     

    Consolidated net loss

     

    (216,340

    )

     

     

    (271,920

    )

    Net loss attributable to noncontrolling interest

     

    (1,284

    )

     

     

    (1,316

    )

    Net loss attributable to common stockholders

    $

    (215,056

    )

     

    $

    (270,604

    )

    Net loss per share attributable to common stockholders, basic and diluted

    $

    (0.32

    )

     

    $

    (0.43

    )

    Weighted-average shares used in computing net loss per share attributable to common stockholders—basic and diluted

     

    671,657

     

     

     

    635,020

     

    (1)

    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 March 31,

     

    2025

     

    2024

    Cash flows from operating activities:

     

     

     

    Consolidated net loss

    $

    (216,340

    )

     

    $

    (271,920

    )

    Adjustments to reconcile net loss including noncontrolling interest to net cash and cash equivalents provided by operations:

     

     

     

    Depreciation and amortization expense

     

    53,734

     

     

     

    53,741

     

    Stock-based compensation expense

     

    258,936

     

     

     

    240,502

     

    Operating lease non-cash expense

     

    30,300

     

     

     

    27,722

     

    (Accretion)/amortization on marketable securities, net

     

    (19,368

    )

     

     

    (19,998

    )

    Amortization of debt issuance costs

     

    351

     

     

     

    338

     

    Impairment expense, (gain)/loss on investment and other asset sales, and other, net

     

    (215

    )

     

     

    63

     

    Changes in operating assets and liabilities, net of effect of acquisitions:

     

     

     

    Accounts receivable

     

    211,324

     

     

     

    174,068

     

    Prepaid expenses and other current assets

     

    (12,449

    )

     

     

    (15,310

    )

    Deferred cost of revenue

     

    (30,219

    )

     

     

    (33,368

    )

    Other assets

     

    (5,146

    )

     

     

    51

     

    Accounts payable

     

    18,967

     

     

     

    (3,576

    )

    Accrued expenses and other current liabilities

     

    (5,200

    )

     

     

    (9,221

    )

    Developer exchange liability

     

    6,561

     

     

     

    (22,190

    )

    Deferred revenue

     

    175,496

     

     

     

    129,184

     

    Operating lease liabilities

     

    (25,496

    )

     

     

    (19,103

    )

    Other long-term liabilities

     

    2,678

     

     

     

    7,963

     

    Net cash and cash equivalents provided by operating activities

     

    443,914

     

     

     

    238,946

     

    Cash flows from investing activities:

     

     

     

    Acquisition of property and equipment

     

    (17,365

    )

     

     

    (46,680

    )

    Purchases of intangible assets

     

    —

     

     

     

    (1,200

    )

    Purchases of investments

     

    (1,169,947

    )

     

     

    (1,032,756

    )

    Maturities of investments

     

    1,000,250

     

     

     

    873,820

     

    Sales of investments

     

    151,771

     

     

     

    128,232

     

    Net cash and cash equivalents used in investing activities

     

    (35,291

    )

     

     

    (78,584

    )

    Cash flows from financing activities:

     

     

     

    Proceeds from issuance of common stock

     

    36,531

     

     

     

    32,670

     

    Financing payments related to acquisitions

     

    —

     

     

     

    (4,450

    )

    Net cash and cash equivalents provided by financing activities

     

    36,531

     

     

     

    28,220

     

    Effect of exchange rate changes on cash and cash equivalents

     

    1,843

     

     

     

    (634

    )

    Net increase/(decrease) in cash and cash equivalents

     

    446,997

     

     

     

    187,948

     

    Cash and cash equivalents

     

     

     

    Beginning of period

     

    711,683

     

     

     

    678,466

     

    End of period

    $

    1,158,680

     

     

    $

    866,414

     

    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 and 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 and 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 March 31,

     

    2025

     

    2024

    Reconciliation of revenue to bookings:

     

     

     

    Revenue

    $

    1,035,207

     

     

    $

    801,300

     

    Add (deduct):

     

     

     

    Change in deferred revenue

     

    177,896

     

     

     

    127,604

     

    Other

     

    (6,393

    )

     

     

    (5,147

    )

    Bookings

    $

    1,206,710

     

     

    $

    923,757

     

    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 March 31,

     

    2025

     

    2024

    Reconciliation of consolidated net loss to Adjusted EBITDA:

     

     

     

    Consolidated net loss

    $

    (216,340

    )

     

    $

    (271,920

    )

    Add (deduct):

     

     

     

    Interest income

     

    (46,323

    )

     

     

    (42,170

    )

    Interest expense

     

    10,350

     

     

     

    10,363

     

    Other (income)/expense, net

     

    (3,259

    )

     

     

    346

     

    Provision for/(benefit from) income taxes

     

    863

     

     

     

    1,053

     

    Depreciation and amortization expense

     

    53,734

     

     

     

    53,741

     

    Stock-based compensation expense

     

    258,936

     

     

     

    240,502

     

    RTO severance charge(A)

     

    —

     

     

     

    1,182

     

    Adjusted EBITDA

    $

    57,961

     

     

    $

    (6,903

    )

    (A)

    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.

    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 March 31,

     

    2025

     

    2024

    Reconciliation of net cash and cash equivalents provided by operating activities to free cash flow:

     

     

     

    Net cash and cash equivalents provided by operating activities

    $

    443,914

     

     

    $

    238,946

     

    Deduct:

     

     

     

    Acquisition of property and equipment

     

    (17,365

    )

     

     

    (46,680

    )

    Purchases of intangible assets

     

    —

     

     

     

    (1,200

    )

    Free cash flow

    $

    426,549

     

     

    $

    191,066

     

    Forward Looking Guidance: 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):

     

    Guidance

     

    Updated Guidance

     

    Three Months Ended June 30, 2025

     

    Twelve Months Ended December 31, 2025

     

    Low

     

    High

     

    Low

     

    High

    Reconciliation of revenue to bookings:

     

     

     

     

     

     

     

    Revenue

    $

    1,020,000

     

     

    $

    1,045,000

     

     

    $

    4,290,000

     

     

    $

    4,365,000

     

    Add (deduct):

     

     

     

     

     

     

     

    Change in deferred revenue

     

    150,000

     

     

     

    150,000

     

     

     

    1,015,000

     

     

     

    1,015,000

     

    Other

     

    (5,000

    )

     

     

    (5,000

    )

     

     

    (20,000

    )

     

     

    (20,000

    )

    Bookings

    $

    1,165,000

     

     

    $

    1,190,000

     

     

    $

    5,285,000

     

     

    $

    5,360,000

     

    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):

     

    Guidance

     

    Updated Guidance

     

    Three Months Ended June 30, 2025

     

    Twelve Months Ended December 31, 2025

     

    Low

     

    High

     

    Low

     

    High

    Reconciliation of consolidated net loss to Adjusted EBITDA:

     

     

     

     

     

     

     

    Consolidated net loss

    $

    (288,000

    )

     

    $

    (268,000

    )

     

    $

    (1,037,000

    )

     

    $

    (977,000

    )

    Add (deduct):

     

     

     

     

     

     

     

    Interest income

     

    (40,000

    )

     

     

    (40,000

    )

     

     

    (160,000

    )

     

     

    (160,000

    )

    Interest expense

     

    11,000

     

     

     

    11,000

     

     

     

    42,000

     

     

     

    42,000

     

    Other (income)/expense, net

     

    —

     

     

     

    —

     

     

     

    (3,000

    )

     

     

    (3,000

    )

    Provision for/(benefit from) income taxes

     

    1,000

     

     

     

    1,000

     

     

     

    3,000

     

     

     

    3,000

     

    Depreciation and amortization expense

     

    56,000

     

     

     

    56,000

     

     

     

    225,000

     

     

     

    225,000

     

    Stock-based compensation expense

     

    285,000

     

     

     

    285,000

     

     

     

    1,135,000

     

     

     

    1,135,000

     

    Adjusted EBITDA

    $

    25,000

     

     

    $

    45,000

     

     

    $

    205,000

     

     

    $

    265,000

     

    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):

     

    Guidance

     

    Updated Guidance

     

    Three Months Ended June 30, 2025

     

    Twelve Months Ended December 31, 2025

     

    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

    $

    160,000

     

     

    $

    175,000

     

     

    $

    1,170,000

     

     

    $

    1,215,000

     

    Deduct:

     

     

     

     

     

     

     

    Acquisition of property and equipment

     

    (55,000

    )

     

     

    (55,000

    )

     

     

    (285,000

    )

     

     

    (285,000

    )

    Free cash flow

    $

    105,000

     

     

    $

    120,000

     

     

    $

    885,000

     

     

    $

    930,000

     

    About Roblox

    Roblox is an immersive gaming and creation platform that offers people millions of ways to be together, inviting its community to explore, create and share endless unique experiences. Our vision is to reimagine the way people come together– in a world that's 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.

    ROBLOX and the Roblox logo are among the registered and unregistered trademarks of Roblox Corporation in the United States and other countries. © 2025 Roblox Corporation. All rights reserved.

    Source: Roblox Corporation

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250501081889/en/

    Stefanie Notaney

    Roblox Corporate Communications

    [email protected]

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