Roblox bookings jump to $1.1bn in Q3

Roblox has launched its third quarter monetary outcomes for 2024, which noticed a major enhance in bookings on account of “unusually excessive progress” in its console enterprise.

The numbers

• Income: $919 million, up 29% year-over-year
• Bookings: $1.1 billion, up 34% year-over-year
• Web losses: $240 million, in comparison with $278 million throughout the identical quarter final yr

The highlights

Roblox famous a rise within the variety of its every day energetic customers (DAU), up 27% year-on-year to 88.9 million.

hours engaged, it reported an increase of 29% year-on-year to twenty.7 billion.

Roblox stated it “benefited from unusually excessive progress in [its] console enterprise” in comparison with the identical interval final yr, as it’s now absolutely working on PlayStation.

Bookings on the console accounted for 8% of complete bookings for the quarter. 92% of complete bookings have been from non-console platforms together with PC and cellular which grew by 28% year-over-year.

The video games agency highlighed key initiatives comparable to enhancements in AI, its digital financial system and market, its app launch occasions and high quality, and reside operations contributed “to the acceleration of progress over the previous two quarters.”

“Roblox’s distinctive Q3 outcomes show the energy of our platform and the effectiveness of our progress methods,” stated Roblox CEO David Baszucki.

“As we glance forward, we stay dedicated to constructing the world’s largest social platform for play, and we’re assured that our continued innovation and concentrate on security will drive long-term worth for our shareholders and the broader Roblox neighborhood.”

Trying forward, the corporate predicted income of between $935 million and $960 million for the fourth quarter of 2024. In the meantime, bookings are estimated to be between $1.33 billion and $1.36 billion.