Gross margin was also a surprise to the upside at 78.8 per cent compared to Handler’s forecast at 77.3 per cent. Handler said the rise in DAUs helped push up Roblox’s topline, with growth of 24 per cent and 21 per cent in DAUs in Europe and Asia Pacific, respectively, and a significant 27 per cent rise in overall users over the age of 13. Adjusted EBITDA at $183 million was also better than the Roth Capital forecast at $106 million and the Street at $106 million. For the full year, we were able to make important investments in infrastructure and trust and safety largely out of cash flow from operations,” said CFO Michael Guthrie in a press release.Ĭommenting on the results, Handler said Q4 bookings and adjusted EBITDA easily outpaced estimates, with the $899 million in bookings coming in ahead of his forecast at $892 million and the consensus call of $871 million. “As bookings re-accelerated late in 2022, we saw immediate improvements in adjusted EBITDA margins. For the full year, revenue was $2.2 billion, up 16 per cent from 2021.
Average Daily Active Users (DAUs) were up 19 per cent year-over-year to 58.8 million. Creator-focused gaming platform Roblox announced fourth quarter and full-year 2022 financials on Wednesday, coming in with revenue up two per cent year-over-year to $579.0 million and bookings up 17 per cent to $899.4 million.
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