Roblox (RBLX) 11 May 212021 Q1 Earnings call transcript

Company Profile

Participants

Anna Yen	Head of Investor Relations
David Baszucki	Chief Executive Officer
Michael Guthrie	Chief Financial Officer
Alexia Quadrani	JP Morgan
Brian Nowak	Morgan Stanley
Mike Ng	Goldman Sachs
Drew Crum	Stifel
Ryan Gee	Bank of America
Matthew Thornton	Truist Securities
Brandon Ross	LightShed Partners
David Gibson	Astra's Advisory

Call transcript

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good morning. My name is James and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Roblox Q1 2021 Earnings Q&A Session. All lines have been placed on mute to prevent any background noise and after the speakers remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. hand Relations. to to Head Yen, going Investor of now it Anna over Roblox, I'm may your you Anna, begin conference.

Anna Yen

first With Thanks, James. David Q&A Roblox's our you Baszucki for XXXX Good morning Guthrie. everyone session and and CFO, to Roblox's today is me thank Michael joining quarter CEO, results. discuss

lot remind letter I website rest details, results after on and of Investor that Relations market provides letter close, some Before we remarks for everybody shareholder earnings start, we ir.roblox.com. of your and the Since at a want to make opening will yesterday, published a time we the our questions. brief the reserve

expectations, including is conditions on we our For growth Any be financial we of making to question forward-looking of make today's the projections, about future where best icon disclosures. as forward-looking may our many your and economy Actual whole based can today. the and projections differ may our statements our those results from call, expressed future events as COVID-XX in in screen, we business statements on please investment you that statement our of webcast and note at can today. market the do the impact your a On or characterization assumptions future to forward-looking or questions materially statements update to our on participants, business strategy. take other as including these and bottom type obligations rate, refer statements, no We'll questions.

well the This other titled please may filings S-X, on we SEC press refer available. Statement in materially about to forward-looking also found For issued as statements, information section differ particularly our described release that be Form factors Registration results the the Factors. actual risks with on information when Risk can more yesterday as cause to from

in These issued a financial IR non-GAAP accordance well which discuss for financial also website. will be non-GAAP or in our prepared our as be information certain supplemental Reconciliations can and between our substitute release isolation as yesterday GAAP reported press in not of from our measures metrics as for copies measures. found results with should can GAAP. We considered be on found in materials,

webcast call this to archived that, after. be being going is the over website and to on will Finally, With our turn David. I'm call shortly

David Baszucki

Anna. Thanks, joining today. everyone for And thanks us for

the a it's put these we're suffering taking as questions, still start we want is out also saying we begin and possible. go us by hearts global the Before around that that making to Like result progress world clear a this appears, want It are as as I to behind the COVID-XX. everyone, virus to our of who people challenge. soon risks still

and this hope supplemental to answering well Investor questions. been We our your operator. With in we'll It's as insight performance financial as period, QX. on our and we Just our a call, first offices basis March on mid-September, this month, can afternoon, direct Roblox, going our posted limited listing open and hope to exciting data Relations was that, we're information be by shareholders results it our all earnings metrics on since opened. website. our XX. fully offices that to back at begin to Yesterday forward we're earnings and helpful a over we turn looking to letter This is our into an the

Operator

of from Quadrani ahead, Alexia Instructions] Go JP our question Morgan. first the [Operator line from And comes please.

is Your line open.

Alexia Quadrani

been I near of or ageing the driver up, release was much. a could specifically you. growth very of you you on term did your us more press in expansion in consistent sort for growth, I has know longer-term terms highlight great thoughts Thank give if which you wondering accomplishments and update international

other as What Thank you. sort music, look do term? of you like other when intermediate of you the kind see sort expansion such sort more of of as in longer-term, know achievable partnerships. any what So you extensions advertising,

Michael Guthrie

your for Yes, thanks question.

saying me the is opportunity continue Let to growth base the term the the by business longer drivers, term, start still in expand we to in just of near core geographically to the age the demographic. in which and and terms grow see user incredible in

have geographic very our continue in some United So press we in us growth is growth North feel markets, to we're in particular in way Europe When still substantial long of and to and the on expansion, for expand. close to factors like and being Asia, done and our that go, look core to we're, and goals nowhere all those we Scandinavia. America potential about a increased two like still we optimistic goals long-term for at across in the short-term Kingdom

see, we knitting we big sticking those growth say, So still drivers and user to aging if for to were over growth our are on geographic, really still next years. the few out us

we're the are, go. about very can platform where obviously of terms In excited platform we still extensions,

specific but around any partnerships or well. you've given haven't potential we see our shareholder in obviously numbers certainly term talked longer those as letter platform for music, we progress, some to and We seen the brand about expenses

David Baszucki

up just grew think, this XXX%. XX is Dave. over Mike, listening In or DAUs by XXX% off our hours and I QX, are

Alexia Quadrani

you. Thank

Operator

Stanley. Brian ahead, Morgan question of from Go Our next comes please. Nowak the with line

Your line open. is

Brian Nowak

Thanks. David, but opportunity? that slope different really us cause the about from just users was just I curious, the that there up, you on of up. And to then the differences China, any question. think this age really very China user aging to regions? than know two, Are payer the and just some be sort just of penetration aging the good other of material it content overall we Can on user spent. have of of mentioned, sort on sort and some my that's as you disclosure you driving secondly China of examples of or see taking that time early, in base the growth of first give base sort it's realize early could for one opportunity. any Thanks I the learnings potential

David Baszucki

a to Yes, share. just things of couple

First, a in have China, do license. we

do of hope the in does which developers many [indiscernible] And seen what now are market. are many, China we've early live world We past breaking happen, live world some you we've China of outside in seen in China. the and signs to very is,

other all you know growth The Korea, in in Hong think we've the seen and Russia, consistent in in world. in Kong, really South Brazil around

have predictions but can't we there. make lot see any we China So we've out love forward-looking of a is on

the far up, drive which this As we're more close and trend, making by is continue the impress content that and developers more fun the content platform passing. of exciting to can not our game XX Mike helping exciting passing. chime our ages. then I'll all on and which being to more in. the to of [ph], are I, players KBD aging what XX. quality creation and iconic appealing - the our It's and we as under and users which of of our extremely having over is highlight

Brian Nowak

you. Thank

Operator

comes line ahead, Goldman Ng Our Sachs. with next question Mike please. Go of the from

open. is line Your

Mike Ng

Hi, good I very question. morning. two. Thank you much the just for have

rest the now? Roblox's which this think of a road bookings investments R&D you are this the way made product talk talk engagement could disclosed. a for that think in second little in just bookings if was investments cadence personnel a R&D you year of that you quarter could year? Thank we the wondering more rest bit And mid-term? of investing about little I about of guys about through about map you And of areas Is of the then the for specifically you bit quarter, to and and about the should over how second, the rest you. are the April good thinking how the First,

David Baszucki

part breadth platform of talk high we exciting doing mobile over about investing I thing what way that to in what innovating our R&D, client infra. broad philosophy we're immersive all is to is, the developer I'll the XD and to an technology, area about kick we in again we extremely and numbers five Roblox now then areas we're our where Mike is Mike for cloud in that for of go way to many scene This brought right doing many, behind today and has both and the out. then this. where engine company is will we need us answer of it years about It's what to be a doing the supports we're think for tool-kit April. level and surface an the I'll from back-end the the to is are

publicly, a civil being and safety society highlighted and industry of just platform really defensive leading the creating And tech not the feasibility, behind things some all on that that. prior of in in not civil, there. getting moderators So the of ship Austin but our and safe dates calls of now we've work future Human and voice just includes team XXXX our communication, to including great text come AI there lots into no which the but over but

Our had character, an some advertisements, fashion character. the go identities early or early signal advertising really who for on an we've which whether coaching they it's the traditional Everyone of to tech. [ph]. model announcements some be, want soldier, Roblox's It's

We clients there. lot experience going really and provide immersive our of our have working a work these this and wonderful on mix of infra to together

We times working invest and notion people So of covering four staying really, the see into invest, that areas, the Mike investing, will where XX% XX% we we're this our, about am of it future. numbers. are go we the to do to over of the not touched more about true place it's product to probably take I are engineering. right into our on on the all going foreseeable them going now. I into I've go-to-go

Michael Guthrie

Mike. Hey, Sure.

it, forecasting were, we've at couple listing. the the for at at basically assumptions underlying a being did our business metrics. situation looking things, core middle all company some in we're So, the end made by big of was a quarter. of obviously of seen around second global sort risks assumptions direct the looked time and COVID, system Basically and We when we out of in of inside right the there COVID we we pretty when our work as

will, pandemic, end did we our So picked in when forecasting. fact, an if so we date the you

somewhere to Definitely we for numbers still and still Now, of metrics the that there around, is and April as obviously quarter. are bookings just the than influences core so overall, of the and higher business I strong. know, the numbers There growth what in second combination expected obviously consensus so, hasn't a of don't XX% the the and improvement and is were quarter. XX% COVID in in core very happened well.

and say So, had the we a time those April to obviously right. when numbers engage substantial that have Because quickly time we when engagement very several then and of really saw just were and and the users and medium user out, at, We the the go immediately look see strong. more term, the following, we to that I platform as step-up of well. we conversion-to-payers on in time, more the the we see grew started really strong very pandemic base the quarters. started, that's we in longer quickly bookings ability really strong really last reflected When over user put in monetization had

conversion as down most will payers that's while because rest bookings If of are the high that clearly, you what it's to most and April, the the vis-à-vis and think engagement last ones get growth are that, at so you when becoming seeing to characteristics going, the have, I is into because you the the all and took the those partly, year. of looks a we're we be get head up users highest really Partly see we of to just users look and year end monetization bookings engaged numbers. just

Mike Ng

very you much, Much appreciate Mike. Dave, Thank it. Great.

Michael Guthrie

Thanks, Mike.

David Baszucki

Thank you.

Operator

Stifel. from of with comes Crum line the Our please. question Go Drew next ahead,

Your line open. is

Drew Crum

Okay. morning, guys. Thanks. Good

improving you economies XQ, as year, your far the to thinking year. of last Given returning your on and observations around? And comment of suggest push several community XX% billion re-open, you around the assumption? this back Does overseas thus around the What in would bookings Canada math discuss about then just experience about and payer is nearly we the be through letter the would $XXX any that based that are bookings in or sense Thanks how US average XQ move developer can on you make developer exchange of million about quarters outside guys. $X.X monetization work shareholder the conversion how early XXXX? this during as progressing and secondly,

David Baszucki

about combination people come online, US player way and to We, it's our becoming fees. connects take embedded out Philippines, balance the bit flexibility same has companies We'll then content create our amazing I'll this DevEx speak premium our of more platform. developers to and with whether people, was Brazil these it and the as that and it, per time in turned in bookings system system the do powerful our higher to and our base economy countries and in quarter. a in a did have enormously this create developers the all I'll be we've the and content platform on seen We and on of Russia, in for whether we five Mike ago developed higher and or the back over Canada, when the to philosophy players platform that that's driving our and years and monetize stickiness in over of the different time, with our our allows to amazing our DevEx DAU.

we programming that big engine. where driving developers turning have making it that's except So tools content, been markets there and the are to increasingly provide are been no high-quality

some money where approximately We as XX%, the transferring is to prudent we time developers increased we think based on rate is timing the have the we payout platform. example, over move and that the engagement-based which to An financially made adjustments to we're money small continue in driving developer March, new by as community. much

as no is our So future we green want is run money going, on this much but development philosophy business, predictions possible. where as to to Roblox as general

we'll now Mike forward the do to just rest. over I going think that and for

Michael Guthrie

maybe base all, going seeing simplification-based in the better and it in to are to in and developers been a real wonderful. feedback virtually engaged tail I in because platform. better get and in Yes, all economics don't is building of are that's monetizing market, the content top one series get amazing base, that as keeps which some payout payout broader feedback developers a on This is that their I has framework. know, the out call them early you platform you and some but the XXX, that. and economics seeing economic not the outputs in can some is the and appealing a XXX we're the model to engagement We're cases boost seeing, that to long great that they user get really from to

we expense. to So the expectations your few game-based over years. Related productivity high question on payout development have of the next

it challenged ago years you about was now. I the goals you're at dollars we we several year. really When looking $XXX like a times, actually multiply $XXX think big way, almost from now years get to can million what $XXX we is company, in where in an million. could we're now often million number a where you QX it these we're right billion a have $XXX be upside, remember, million, this payout, two if have and really I And seems $X.X the situation, engagement-based ourselves of did

with like $X.X $XXX go to So say ourselves than we billion. a I'd of goal rather giving million,

David Baszucki

Mike believe I the that developers. with was money outside engagement-based through long for goal piece their will of payouts the the million, We total total at hit Yes, just that do $XXX roofing that term of development. on

Operator

comes question of from ahead, next America. the Bank Gee Our please. with line of Ryan Go

Your line is open.

Ryan Gee

Hey. morning everyone. Good the for Yes. Thanks questions. taking

around about Just pretty you some of terms related technologies about to for I such things what think enables the bit Can you those that we're mentioned, to to clothing million little XXXX. nicely, order in. loan new through the how international the the excited so training heard the a users in developers platform for see ultimately financially? the of that second remarkable, as, in talk maybe advanced you've then I in very animations, flows what identity, directly the grow the year the question. marketing, users, pretty model around for encouraging last and And $XX the continue that It's and

those digital traditional brand required I you is a areas, that more awareness dedicated team, can the your change maybe So channels? of it you - Thank and forward talk sales level required mean going How you. expand investment? as or XXXX the about may in

David Baszucki

part. Mike do that Avatar, you

Michael Guthrie

very tax that form Avatar. now right The are early and components things for the ultimately vision the foundation we identity around our shift

our before to and Our to be It's whatever who publicly shared want everyone and they we to we ultimately is want is, be on vision important. it platform believe really who very will imagine. can be. we you Avatar

system is So What internally experiences. our classic of vision that ultimately piece blocky motion a AAA where you a wide as and immersive allows that around on caption as your building we're of range vision see of well, where acquisition any well of we technologies version is everything exclusive drive from this Roblox characters clothing and can ultimately to as face both your see the cartoon Avatars works XD with system Bloom integrated including for ultimately with our [indiscernible] any to also and own to avatar. motion Avatar combinatorial including Avatars AI,

So still our hair and bodies, supported our face, including whole is Avatar early clothing by vision XXX% ultimately this animation community. that system our complements it's UGC creator

going next along is. developments and expand Roblox I personally more what You're going it's the see to vision believe the year over and of more to this really

Michael Guthrie

Hi, Ryan.

investments identity, half happening we of so split the in come our see in what identity the between inexperience Investor size, getting when the and investments a On avatars how that together out of universe we is and technical community characteristics and are investments investments. that Roblox the of It's three of did Day, a of power we versus spending example ago It's right good a in economic and lot - the you years we the some with the the about too platform talked is Dave and Catalog the importance really perspective gave identity. on of now.

made and Catalogue. we XX%. fully quarter, experience Catalog then the and it's XX%,XX% not actually XX% in slowing from the the XX%, XX%, user getting generated in to technical in the with seen these past we've it all XXX investments the the the and about investments in platform Since and made XX%, the we're XX% platform, actually to So

investments but to see product, the users we and spending, just to Roblox are choosing in more their in important still invest more it's to and technology are it So we identity still and to if clearly their and on spend or experience, platform they going spend growing increase. of Roblox if their them on identity is possible, what make their it's

see the going think the So in continued strong I to we're investment identity on platform.

the in us of to one the signals spend we tells That share is the to to really always you we've spending great economics model, just and to it model careful we relates we're and there community. is then that As about four that personnel, everything There haven't is is if the else a where the money is product that which you infrastructure and lot us about. is about areas as and there efficient market new know over back people. developers drive processing, user marketing really, the underline XX% And we've economic spend, talk with a great which and building of guess go talked and products is buckets, is money really we've, for focused then There that investment. trust cost growth. we generally safety in It's situation and big well. proudly fit and really on product a end for the is doing There on believing is I the been had years. there engineering organic product

change over to years. think that should don't few I so next expect And the see us you

Operator

line ahead, Thornton comes from Go Securities. of Truist please. Our next Matthew question the with

open Your line is

Matthew Thornton

guess or on of way for where quick Hey, versus to inning and any mix ago. from or getting we about ones for branded still right subscription, quantify the music of terms experiences color maybe anyway David and around just year Any we're any we good me. what are there I give kind looks morning. color moving or pipeline of a there? up now And maybe experiences, us what in don't Couple is talk question then, secondly is, in know like in gauge to terms into were, of subscription. kind I months I six the guess of twelve the Mike.

of So Thanks hold, kind kind of would Any trade, color I kind guys. helpful run guess well. be of as rate.

David Baszucki

Yes.

There optimistic can First X, amazing pipeline And we've at announce what if immersive friends World we're I as to progress to on One together screen. enormous Lil at done through on all that we future than can't experiences Together, we've watching these with but the Ava different pandemic, NAS together looks starting We in going Royal Max, been Bloxys. the there a come immersive has following experiences. learned anything around with of going is blood back and XD very historically, going one types in concert being how the think be. the

we're take supported, the they're anything it by one types invasiveness, optimistic also, look and vision We're are more supported ability station, be like in and about the the our some transactions going experiences. those very and have once And subscriptions some about It's those by ship by experiences I'll going experiences ultimately on they're and going support this. of the right imagine and the supported be to experiences, many there when technology, platform, of going engagement, a can again to subscriptions are just be not supported in of but more we a we be that I'll on advertising. types more to of ability more to the be experiences announce will our that Mike, is now. the at numbers. the So measures dates, premium going to of and talk to more to IO top amazing we for over again little that to more

over lying. be right the said, virtual amazingly have to very see current currency types functionality are retain that of people Roblox and wonderful, subscription even of very, for and will That it's we So is of next we subscription source people rolling to range buy well. a support now years ways few in a them for It's and there wonderful experiences that retain. have our Roblox early those we out to Roblox really who premium where

Michael Guthrie

On pipeline. your brands able both be with We some and are and comments next on would the the pipeline going made to over shareholder of to letter and and have Matt. specifics in quarters music, we share the to Hey not uses I questions several. brands answer, expect around in most

We making doing. references that to will be some we're things

If guess in and of of you were ask large and [indiscernible] scale. team, to that's That's and and is are platform the base more a his there a pipeline brand, and to size my interested reach very more brands the user way growing are engaged. our

So the working about the gave no letter, with most community in three to is the interesting. one think things are of their doubt I there it examples, two are build like brands the our examples, I quite that is that We shareholder brands the experiences.

economics, a that's just developers some and great. stuff to just so and cool that's build for see really our way So great another way,

on about only is if faster subscription to important of comment growth subscription question The are of purchases, rate that growth [indiscernible]. of us. Roblox the the thing is Both Your you're sources still very than subscription. add in would I two the of rate at looking

Operator

from Partners. comes Ross question ahead, next the Our Go line with Instructions] please. Brandon of [Operator LightShed

Your line is open.

Brandon Ross

is sizing you in revenue onto come overall that you you on advertising and taking shepherding these things, two role companies for a brands media the a as for had just the brands follow-up brand's opportunity Can the I do the about you and how specifically that on, Thanks Hi. discrete platform talk question playing And have just one, robustly, prior. that Maybe on opportunity think a questions. platform? then and about the follow-up. the do

Michael Guthrie

very about talked partnerships inbound have but well in as the team credit certain will and we think do dedicated proactive are for way to be also do be of do is a again calling organization will platform be than we I advertisers, have expect characteristics job, those a business. of different a brand think Sure, responsible entertainment on, else, is that a retail, that honestly, attractive anybody quite great CPM They advertising that coverage Ultimately, media, largely we I we a interesting. businesses under that et-cetera. brand. kind different, We the to and it

a when base, is brands in to level the it's of team. to user to community, They right it world This our a reach, means, it the and especially user way talking is not - there active reach what hard way audience are to our is engagement. market reach dedicated about is well growing platform you're digital So in it and audience. this as a our the not its or

it's about early So when used the though, now lot ultimately, there still where model is probably the not business business market, our optimistic but right advertising for there I we're model really companies optimistic, I we're, pure to as plan. just a deliverables certain a wouldn't to really but build for so revenue ask and you you for is about go - other mean be sizing of putting the are of but XXXX. team now, We're in in a lot that it's

David Baszucki

just at I on Mike riff this. And

right a point of vision experience exciting interrupted, example, without immersive is Roblox, for an our without from specific immersive on in platforms in Scooby model. it's where branding a now about right platform, thing non-interrupt people were from, have brands team stopping or connecting Eugene [ph] It's people Doo a Looking native players giving more with anything without our view, movies. like now products, forward being

billion we and without of way immersion with $X.X different And hours. that April a of natural. feel total reaching Ultimately, interrupting experiences to is the over consumers provide. of whole advertising, So is in size the was hours that the my hope there opportunity related is

about So that is this might one think way what be. to

Brandon Ross

just on But there over are dollar and payouts to DevEx, pressure that then dollars venture those creators of to is that's what Roblox employees on in of DevEx. creators like on follow-up any exchange being past in that payout a do a not actually platform, also a studio backed in also on on in XX% your engagement-based the playing increase about pressure the UGC platform? the is by being you put also and Roblox. to extent year. that come you Okay. to And professionalization talked presumably see especially the pay core rates, We your there been real Roblox. the And return help to And change then, money the lot does and on it's studio built competition

David Baszucki

question. great Yes,

thousand categories Over developers, ten number, and to keep just amount the years, to categories developer, every money a I grow and last of grow the continue year, development what we developers, track to will those make. five to going now continue four of growing. hundred of as each believe these all We've one total seen

So the studio. And XX part support They in are into studios individual or looking platform to seeing the coming a flow all our can platform. our professional haven't why of XX, developers seen largest hobbyist. we're XX, now XX, can the that's support this money of we I debts for and

All creators in developer whether one the of and developer XXXX or this creators, pipeline. are developers number earn it's Roblox number UGC

it with number really a developer XX,XXX an where surprisingly developer when We there thousands, organic contributes interaction to because a there shows to one. funnel the believe way complementary and that motivational even there where that content it's and platform ranks XXX the the experimental. on create our earlier, is number to develop ultimately system down an rising as Mike effect mentioned of that so is experience, And their that is that is shift there

payout. even in developers our engagement-based so top And participated

our said, is The sheet a would thing our in balance makes several over P&L prudent. historically, note, years announce increase we future we the to never it times have done DevEx. it That and as other

of into top to as the hands money move developers as these is possible. our So philosophy much line

Michael Guthrie

get Hey, can goal, what proposition bit and you hope little developers insight audience. a that In we a at look Roblox Brandon. our for billing, million. developers the collection as operation, than on when on when you billion. come and customer correct of your pay dollars. we other in tools, XXXX, That's $X.X it's developer use also platform, said, places, platform. the we $XX get that made To our we community really servers, the Remember we have value safety, different cost do we XXXX, comment In in obviously support, a large you our

So the of lot a to incremental $XX million dollars. potentially $XXX in million growth is

the excited can. as biggest and in Roblox that on of dollars so And the just we of multiples the tough the terms trying is audience to can of of think capital possibly that build beat. those, pool the engage biggest to developers we're I And support rate of growth available

Brandon Ross

Great. Thanks much. very

Michael Guthrie

Thanks, Bran.

Operator

Go from comes question Matthew please. the next ahead, with Truist Thornton of Our Securities. line

Your line is open.

Matthew Thornton

virtual quick and identity items think me. talked there, the I Early, lower. if wrong, a Couple guys. towards payout for thanks Yes, the Correct ones for the bit I'm shift about mix of Avatar. me you little economics but

all that So, we those accretive wondering was then that that is you're getting switched be right contracts to I PlayStation just secondly, would Roblox and movement, could have if sure you other there some margin make the seems onto anything of platform. like we say that any these about,

guys. fronts? on those, those again, any Just Thanks on movement

Michael Guthrie

turn I'll then question, Matthew's the take off I'll to David. Yes,

ratios are different. You are the that, correct in

against On generating. and business the few the obviously of positive is the margin with flow business the next that the I everyone we're at happening and quite are to the quarters. in business economics leverage, given size get would of that looking happy other unit we're investments We just immediately caution making, the or scale in cash hand, the the

a On as don't such we in now the our business right in this sense, optimizes the we role big the see not margin majority have and opportunity. as in investors are I mean hand, other

from We be. this user want the far business are so scale to we and the base

of we many the employees. It's employee will great and us $X of base that's the a over to bring focused be and users we in broader investment that to have take on think have grown want those people. we've about and thousands build hiring X,XXX you're investments. technology it's to more that and years. will incredible We more employees thousands still our more billion But last much product enable I users, the amazing business, and few set over things how content developers Again, so of talking of more invest

been So developer we our the long of keep the the as economics in terms we've the on And eyes headcount had community, go way focused to a if business. in for talking we that. in about investment growing

ultimately because will greater in drive think I top time just dividends of same the will the generally, that growth business. part

David Baszucki

create the tablet, into We've that on historical content same see vision innovated pushed all cloud this, we devices. on phone, and and phone life was all were desktop on see on and be around acute a of dimensional all and the to content of well showing cluster a on a pivotal. these when you immersive the this runs to from guess, computer There all on mobile multiple as there that both well devices should devices was multiplayer on way as listening can for console, same wonderful the sudden accessible translates can can context html as that I we we our then auto the as interaction. with on believe the your the to really is And - is giving back, devices And of what developers Medivir's this, prior what consumable Xbox not languages. as XD was

for form an all them. logical in So all incredibly at for we but by is difficult perfect share focus that right same and Quest, and factor dates immersion, of now for the are the platform ship any difficult switch is PlayStation platforms which the absolutely most What us, on you've make incredible Roblox. won't phone these we seeing believe long-term factor an these time sense form

Operator

Astra's comes Advisory. with question of from Our ahead, the Go please. line next Gibson David

Your open. line is

David Gibson

Thank you.

that APAC, you the of was secondly Europe, like further Just the different regions sense give some amongst how on a that Can XX%. April comments, US, DAU from US is that Have Thank will out the insight our Europe Australia you. an different seen you countries you and different trends in how others, have like you give into play Taiwan, emerge COVID future? your is thinking of think the then And COVID. will said rest that as world? Canada, major don't you us you growth and trend much

David Baszucki

for question. Hi, the David. Thanks

go break materials you and website, users region age. we by the down on If supplemental to the by

pretty it's absolutely over And you've but regional and much exact highest Europe it at know, into look pretty so is and numbers, few the translate strong Asia-Pacific numbers that April the US in in don't expectation meaning. those quarters, if will my in in you those The last of the growth regions trends QX when slightly will year-over-year I Canada. growth be will terms trailing be be and similar growth April in seen

David Gibson

Okay.

David Baszucki

around bookings, in XX% countries do we're we see as is the the conversion. of high world so of to an country one was a as Right it project of is of to Around and rest That's probably US the and Analysis signal difficult just we which issue characteristic a the continued What hard vaccinated is clear don't prior. is get of the is. in COVID, thing world now, to still you find that saw signal. you United an you XXXX representative whatever get immunity that rates it's you signal. is where a I COVID have COVID as wouldn't it the big even world, or isn't seems the big But now great have a or then States. elevated say absolutely the really herd spike have

much other Taiwan and get And Haven't tells do off actually that will see from world. so we us. what signal that so at and don't go of looked maybe I, specifically, parts homework the that

David Gibson

of should pre-COVID world. anyway those? Okay. it's they like How we and or We think April? do then, June mean should I And May we grow think versus the how normally slowdown? I see a about generally, the just know about seasonality

David Baszucki

schools has Yes, bit normal than it's little bigger better May. so seasonality, June, Easter than is And and is April in seasonality your basically David, out. that a then May because

we we decline May June didn't see We a right. that a big, got big growing We seasonality, jump versus May and year, seasonality see last to April. in straight we it. normal just were so versus And have through

probably surprised will and would That's do. be Last then wouldn't very that's to This slight we that interesting June seasonality seasonality, year to up. no to we in seasonality. way decline some see So suspect sequential what year, for see come be of through. if May, I us there picking we I the was normal see you'll if

David Gibson

Okay, Thanks that's very great. much.

David Baszucki

Yes. No problem.

Operator

over it questions. Yen webcast turn to some like to Anna I'd Now, for

Anna Yen

Hi. All right.

First think creating do see opportunity? education? one [ph]. Have and Do is educational is potential an in you Ryan for school? you Roblox this about you high from considered programs enormous How

David Baszucki

million learning stack is way to we and books With level. video educational opportunity was learning the ancient to be read all about we our free maybe ways platform and educational that when be have with that learning studying about is not in think around classic starting It together level a it's other the future even of started it's build video on the very vendors everyone about next a substantially producer. and be it learning and both to in Ryan. learning are question, Roblox, bright that and best supporting that using fun external help the Really top in science to either and the really go we But activities out was and opportunity start access to it, enormous platform together immerse $X at have on it use an emphasizing platform COVID, And right certain vision by learning the is education we cautions we're and curriculum went we the on platform, a the high-quality all consumer more platform. own Roblox. and company times or have viable educational vision people share to bright support happening be the think Great create, as as and a what to learning a with we education beyond within with expected there's camps within when there. we participate certain the about started who where we'll friends. a at it starts a about on measures and in example parallel this optimistic opportunity. this, of in stuff to we all stuff that to really computer emerge We to the designer, more the think is but going geographically already traditional do room, see rooms Way and future our the summer future to will be there ancient to to such reason. for we're of creators on notion this learning understanding. The manifest well so ability schools, to internal code, be artist, learning these will more just over now this on the and so as who fun we'll schooling learning future, We're create these or and will it have watch don't very because we so for organic,

Anna Yen

the you Dave. any Justin. as new experiences plans content live regarding see users Thanks, you monetize you have is and discuss and Can platform? attract some integration one to The extension further from in video next to do a video potential

David Baszucki

participated World that experience in Yes, of Roblox. And question. on Together great for One those us the

a how got video. little You sense we view

common school are be in can experience. Video very just play world, places the together, can We are concerts in stream, is to concert, we together, [indiscernible]. together, creating we performance work can can a to altogether. and can go when go videos there we real to supporting then With to we there our and are XD And go the friends, go live. we immersive going we

influencers, now have any happen ecosystem is right around with just is primary of platform a Why huge making on as around that now. it's and experiences statements that there now or our right other future YouTube our of video We Twitch world video video things that experiences. Roblox a well work real area. product like typically our the lot video streaming the the can don't right not partners imagine we our with on us to in forward-looking within interesting all around mimicking platform So on available work, the don't of and

Anna Yen

think we Can for in Roblox Is it the it Or flywheel? one time is driving And I comment two Is shown international what market technology? you it growth more. our impressive content? one or has and got that? more, that? is on

David Baszucki

platform, out but platforms yes. and more a the platform to then creators. The quality it's play, content of the it the class Great yes, the dual my driven content, economy, And people And content, higher coming content the come bigger The the historically content. mix growth around bigger and larger to UGC where your loop better as friends economy. the serve and our unique question. teams has been the loop, make is able content. has a this that the what a up great are of the loop Yes, a to to within more on the viral platform, to need more hang foundation exciting that work, for learn second come entertainment is experienced the

those. it's yes to all So of

to growth. work viral our to of All in loops together these drive

Anna Yen

Right.

think up. can I wrap that we

David Baszucki

questions. all. great working really this COVID out you I of excited community want thank the you us with all as And team, today. we're really to appreciate the we're it. as out we are of reach thank about just for what's we world, joining done to through are, this for exciting of Roblox including And And ahead building it's the that the countries out all there members Well, for Cool. thank reach [ph] everyone hope us. metaphors, and really for finally, soon Really possible.

today. call you on joining earnings So, us for first thank our

Operator

conference today's concludes This call.

You may now disconnect.

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.