• Tue. Oct 19th, 2021

Roblox Expects Approximately $1.5 Billion of Revenue, $2.1 Billion in Non-GAAP Bookings For Year Ending December 31, 2021

Roblox Supplemental Financial Information.

Roblox Supplemental Financial Information.

Roblox Supplemental Financial Information.

March 02, 2021 06:30 PM Eastern Standard Time

Roblox Corporation (the “Company”), a global online platform bringing people together through play, today issued guidance for its first quarter ending March 31, 2021, its second quarter ending June 30, 2021 and for the full year ending December 31, 2021. For more information, see below or visit https://ir.roblox.com.

Financial Outlook

For the first quarter of 2021, the Company currently expects:

  • Daily Active Users, or DAUs: 37.6 million to 39.6 million, representing year-over-year growth of 59% to 68%.
  • Hours engaged: 8,600 million to 9,000 million hours, representing year-over-year growth of 76% to 85%.
  • Revenue: $320 million to $335 million, representing year-over-year growth of 98% to 107%.
  • Non-GAAP Bookings: $550 million to $575 million, representing year-over-year growth of 120% to 130%.
  • $51 million of one-time expenses related to the Company’s direct listing.
  • Fully Diluted Share Count: Approximately 652 million shares as of March 31, 2021. This measure is calculated on a treasury stock method basis with respect to all common and preferred shares assuming a hypothetical per-share price of $45, the price at which we issued our preferred stock in the latest round of private funding.

For the second quarter of 2021, the Company currently expects:

  • Daily Active Users, or DAUs: 34.5 million to 36.3 million, representing year-over-year growth of 3% to 9%.
  • Hours engaged: 7,600 million to 8,000 million, representing year-over-year growth of -11% to -7%.
  • Revenue: $350 million to $372 million, representing year-over-year growth of 75% to 86%.
  • Non-GAAP Bookings: $500 million to $525 million, representing year-over-year growth of 1% to 6%.

“We headed into 2020 with strong organic growth which was further bolstered by social distancing restrictions. As those restrictions ease, we expect the rates of growth in 2021 will be well below the rates in 2020, however, we believe we will see absolute growth in most of our core metrics for the full year. We also expect that by expanding further into older age demographics and growing internationally in regions like western Europe and east Asia, we will have significant opportunities to grow our business at higher rates again starting in 2022 and beyond,” said Michael Guthrie, Chief Financial Officer of Roblox. “We remain confident in our mission and the opportunity ahead as we become the platform of choice for people to come together to create, connect and explore millions of immersive, virtual experiences together.”

For the full year 2021, the Company currently expects:

  • Daily Active Users, or DAUs: 34.6 million to 36.4 million, representing year-over-year growth of 6% to 12%.
  • Hours engaged: 29,800 million to 31,400 million, representing year-over-year growth of -3% to 3%.
  • Revenue: $1,440 million to $1,515 million, representing year-over-year growth of 56% to 64%.
  • Non-GAAP Bookings: $2,000 million to $2,125 million, representing year-over-year growth of 6% to 13%.
  • Net cash provided by Operating Activities: $320 million to $340 million, including $51 million of one-time expenses related to the Company’s direct listing.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, including GAAP and non-GAAP guidance for the first quarter ending March 31, 2021, second quarter ending June 30, 2021, and year ending December 31, 2021, the calculation of certain of our key financial and operating metrics and expectations, our ability to expand our age demographic and grow internationally or achieve high rates of growth in 2022 and beyond, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” anticipate,” “believe,” “estimate, “predict,” “target,” “project,” “intend,” “potential,” “would,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology that concern our expectations, strategy, priorities, plans, or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.

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