RBLX - Earnings call transcript Q4 2024

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

Operator

Good morning. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the Roblox Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Stefanie Notaney.

You may now begin your conference.

Stefanie Notaney

John. you, Thank everyone. Good morning, for QX joining to you Q&A our full year Roblox's and discuss XXXX Thank session results. With me and Baszucki; CEO, and today is CFO, Roblox's Mike Co-Founder David Guthrie.

a release, on found Investor Relations supplemental letter, can our SEC shareholder today's call press slides Our and replay website. of be filings,

these subject A described cause most uncertainties commentary to actual filings, risks, Our are differ may description in and included uncertainties materially SEC XX-Q. Form forward-looking include risks, today those our recent XX-K results statements. forward-looking assumptions of which from are our assumptions statements, to that on and Form reports could and in our including

except not We law. as of You on statements forward-looking future rely disclaim as to events. obligation predictions statements, required should any by our these update

non-GAAP we Reconciliations found in call, will measures. and metrics supplemental certain and release discuss also slides. can financial non-GAAP this our be GAAP between During press

over turn to With the that, call I'll Dave.

David Baszucki

morning. and Day we're to of the thank gaming goals. you again, through platform. XXXX us earnings running you. going our I a Thank once we all for highlight bit our our on excited want And to our of through joining We're having And to a moving journey XX% of QX leave today. our continued to call of metrics, Investor goal content ecosystem our Hey, results QX. provided everything guidance share surpassing Good outstanding from our you on all

the end of up in ahead $X.XXX end XX.X bookings, $XXX top million. at XX% QX of million. year-on-year, in QX of of DAUs data of call. XX% high up metrics key our where XX% operating But QX every rates revenue, year-on-year, guidance our year-on-year. let's was of financial ahead start a all guidance in provided of guidance point surpassing up which Once with bit our single guidance high $X.XXX our our billion, we QX, and growth results. earnings some across $XXX million, really our again, and million,

large saw of again XX, want DAUs hours as in total our similar, the us, to once are plus range I over growth XX. over highlight over we of very Once year-on-year. up highlighting, expand in and Hours, XX% XX% continue growth the to ages on India, in XX markets Japan. billion over and XX% over year-on-year platform, for two Japan QX, of XX.X growth. XX% XX% again, engagement India and strong our year-on-year; Also

over all-time DevEx, part QX, moving as On we up and except XX%. platform year-on-year. we've of expenditure shared to up much $XXX very and the and our really DevEx with the in creators. be million That's XX% developer our an in community commitment high, is through through to was We side, $XXX continued of shared cap cost one million which money area, diligent in XXXX; it's

is to and X% On year. is our And trust I and and decreased all this was is that modernization of AI We're run was quality just on AI-driven because X% we with highlight we'll we with and lean as This improve which of improving lot way bit of infrastructure. XX% to all the whole up the last quality we ops. quality of and all to a way live this drive down a safety of the and This efficiency safety infrastructure. revenue want supporting all That this cloud, is This stability, year-on-year of QX. our share the I highlight versus more. AI X% and want metrics. bookings, is efficiency.

and as bookings. were on This at of excellence. revenue decreased to both previous $XXX We compensation, once driving percentage operational costs million, the bookings. relative of and year personnel On stock-based of not revenue XX% including again, XX% a

cash up On million. up metrics the cash at $XXX Once guidance, year-on-year QX, of the QX flow million. free end guide $XXX cash our above operations, again, above XX% all million, was XX%. flow Free $XXX high to of

flow, XXXX over free to Xx $XXX up in year, million XXXX. million in from $XXX the cash For

really And initiatives, into rates, commitment start our our map. continued and perf year, stack to engagement once pop growth. contributed of to we call, higher up ops first live crash overall down app quality, economy, contribute launch to all, app and in quality throughout Let's road we believe, all frame highlight and our our the In again, rates, want believe, year shared time, at of XXXX, the earnings a the to discovery these we spending.

quality. And for a point to a us commitment hit uptime on signifies again, and, which excellence. XX.XXX% ], XX highlight engineering [ really infrastructure new once high uptime little In our December, is

is ops ops. live slate this the live seen XXXX, we side, content the introduced supporting live XX We've on We Universe top ops. a On far the lot we talk hit. creator pop platform. breakout the [indiscernible] from as large seen in XX. top platform that from content. as of great on breakout saw year. to content NFL seen More bookings about into come We've the We've pop Paramount SpongeBob as into a

And for grew finally, optimizes you X,XXX We in top the X,XXX for that people I our experiences than this highlight with results matching year. shared to discovery, that's hours faster want beyond on experience top content. all the a that to a with highlight personalized commitment great transparent to And side. discovery of everyone. discovery

We all dynamic proportional economics as share mobile, of out to at the a and our than price our of commitment shared hour hour other share per more recently for bookings start everywhere. relative launched year, we we as began has Robux This On QX, with buying 'XX on our lot bookings economy, we, improved floors. cash And We to a that bookings of up all, increased the economy well. during per DAU, to we opened to this means community. developer improvements moved roughly well driving to the creators. XXXX. Robux economy. giving Bookings in -- launched driven pair inexperienced users marketplace avatar We UGC has monetization optimization all in which to price UGC purchase. with in per for get the we And per the platforms offer essentially for to the

Roblox, leadership seen in top ads on the a and grossing Wicked. on Beast a brought Shopify brands. recently and Beetlejuice hired and prod XX with Mr. conjunction Amazon now awards. Beast the X live live now streaming, on We've lot had platform. movies in ads e.l.f. is Games, on platform. on And engineering key of Beauty going of cultural On We've on XXXX moment. ads buying integration. Experience. with We're our Mr. our TV and whole including activations Beast

] improvements releases we year. In people we as safety. of our and in And part well, over treat all [ had shipping platform of party launched Constantly brings people which ages that. how the this as product made XX we together improvements, on

-- making And XX,XXX we number an It's we AI people safety we're voice over doing side, is on the voice safety. our and our on to been the of advantage On I side. has want because model It's running the we're our been Face AI years XXX systems innovations on downloaded on over now. times. other platform. just of the scenes got expertise take open for over and this of stability Hugging update example sourced behind the been it in recent X pipelines the safety the We've

to real into them adding avatar really Roblox facts fully objects. text, a in Roblox QX, avatar, launched convert functioning the it any facial really to model auto-setup boning, ingest AI functional avatar signal We objects takes early turns skinning, in a which ability support animation. making the Roblox use is and XD XD of industry it This images, to and into face,

And in QX. inside also allows launched Roblox because of Studio. that's Roblox lot Assistant tuned conversational is It coming. creation a more Stay fully

connection to speaks the fundamental a as all shared vision which XX% of X.X%, bit we're we headroom a to Roblox in market It's the any believe available driven powered connection our incurring cloud a by our we shift we platform that's technology. again RDC, and that gaming vision supporting share their of drive world. a publish once instant of platform. enabling XD developers the ultimately going on is We to a running see to anywhere by we It's content on and XD platform. content live language, instant with streaming have once in Today, our any gaming At device, ecosystem the And have AI. vision content. see any

latency, is streaming is XD streaming. low very very and simulation with interactions. And responsive finally, of local XD avatar This not this video

really a just how So clarity creators. all we're for working our with -- you for to of add of this and lot

on stay tuned So this.

planned bit of a I XXXX want what to and for got beyond. we share

on getting of XX% watching really part our this we're genres gaming As really the platform, goal of of on Roblox.

But like genres a lot pretty quality. battle simulation tech We're and sports avatar including huge to and arguably gaming relative Some and in going opportunity perf are driving to royale. ecosystem. action already there's our role-playing for in in platform of be really us racing, of that

about We program and We're shared on acquisition are our and -- we've platform. ad paid and supplement on organic economy. economy, support expand our more the to this off-platform announced continuing affiliate we an to and games access with growth our

to I of highlight our platform. And future a then want AI on finally, of the give little just

gaming created simulation immersive Just been have that. that Roblox, like we will popping on when we in of this the early starting Roblox, support multiplayer days believe to do genres to of continue XD AI new online up that

able to make QX, experiences. and in will be That be of shipping inside to means characters. is, available generation going take advantage creators expectation Roblox this we're AI-based Our text

can text teaching Washington So a gen a we in service. imagine driven as history, virtual George by Roblox

model allow That have based be We state-of-the-art extend a making make with we prompt. and so XD has this our in will QX, in to everyone to have available also been means game a and going match fashion that text in that outfit outfits to And shared trained a and available going mix studio. data. creation is generation just we transformer generate with XD start expect an XD XD experience. XD data. XD to to much We're but We're not foundational to that creation native

tuned stay So that. for

Finally, the company. of foundation our on safety,

single building for want When we isn't We think safety safety and XX. stability, every that on stability Roblox just talking we're the ambitions have I platform the huge under year. at to and in. And and age of highlight

So on tuned that. stay

top increase I'm is a produce we trust improving almost over we to and to driving the and Xx goal economics. continue and I as cash at expanding growth flow to plus of headroom. available really want while gaming, us to drive for we're and XX% which line this continue on while of We're highlight, do we XX% to We as systems, bring we're operating hand safety leverage but talent. more in more world-class to and Mike, going infrastructure, even

With that, over to Mike.

Michael Guthrie

good and morning, to into just Dave, Thanks, comments make just three going clarifying before statements. we jump some quick Q&A, make everyone. I'm to

a year cash XXXX. we've Number into that really an the is From when We free one year. talked And year delivered investments and post-COVID is scaling early cash the on important and the we for XXXX about flow generated this flow really the standpoint, financial XXXX, very, and bookings that really high caught cash scaling flow. was free those up of with and us. margins made operating and in across course very

happy really that. we're with So

that consistently and pursue Importantly, XX% which an developer what we in growth ability high the safety very that value of trust our the excellence, and things per community. we to invest pretty as Dave's comments, bookings, infrastructure engineering to at get is the have plan is, at of Roblox, to and rates market drive means earlier

worth a per our margin And guidance in so we delivered step of this about we year, while real to function X in improvement 'XX. November years' X margins had

do can really significant that continue We to while investments. making

drive an And those standpoint, and a margin. in operating growth continue a team good with feels us to to real to drive -- so from leadership consistency as that investments

I two, want two that to things. fourth Number have on the we make quarter, sure clarity

that size want First We're the do platform, of grows is on also At is new always typically, the year, that. and the would had market which we Xbox. platforms. for be bookings. In we positive to last launched to overall PlayStation. new launch We excited same a significant time, a business. QX the And update

us last year for was particular strong, October, November console the quarter. in very we in and that So lapped fourth in

were very bit things compares. -- -- and of touched We that letter. this desktop XX% and we're on the entire quarter, of for in fourth little bookings growth. December the and were not console the In for lapping, and the of prepaid grew high in the So just bookings the little mobile so In exclusively, month XX% XX%, growth difficult bit a a clarity. growth desktop mobile

of there. November console, October the launch and prepaid impacts we So and the PlayStation, lapped

We also in November. a card purchase large lapped prepaid

the has December, QX then the into into as we very to and and exited up growth by first But high persisted and desktop,which mobile console and across pick QX, back quarter prepaid and range. the started in quarter, XX% and

exit very the we healthy take into PlayStation. you that a continued to the had And rate So consideration growth again, first quarter. into lapping once

two. So that's number

the -- it big has as and really to impact the just -- working capital business. just fourth want year, relates doesn't it guidance. course everybody, over the We I three, just the working impact Number QX, very have a capital is But in consensus,and actually business. to on not in quarter, have let's a remind big large we a on -- of say, the our QX

there's our models, in as a from so operations, between activity happened then a is all the working holidays. we working in your And So collect cash QX, capital capital, your there's positive big negative there's that QX, around in EBITDA QX, the capital. and especially a difference working spread. -- In that

of numbers. I So which X% your the just vis-a-vis think EBITDA implied ahead our is your about we're of guidance, high at end consensus,

want how cash of lot to is just sure company going make to a of that everybody flow the works. to in the course, you're and working And flow quarter. understands first I come So capital going into the back see -- that

love and just questions. those to everything So comments now put my three into are your take to we'll context,

Operator

of Bank America. with of first Omar from the Dessouky Your [Operator line question Instructions] comes

Omar Dessouky

I wanted of of going video get how to to get a of you're to market. the help -- think us framework XX% maybe game

okay, start are that Which to AAA, production of indie. could and PC potentially like of about value tiers value But there's So expect tiers, of take Roblox existing A, were you levels obviously, we if there emulate to different the think console, so game video to console. for mobile share? example, in within, markets would AA, production those PC developers you

game I reason growing the well you're market XX%. hasn't And known say share it's video the because is take been rapidly, whereas that growing very

video developers it potentially Roblox So that share would the from market. take game would seem existing

to content future of that's Just about help XX%. that think help the to us direction get going you

David Baszucki

on bit, highlighting let's step there's Omar, share thanks we various and I how back. a thinking want for this. And to take been lenses a have this.

share, and just creating creating we creating actually them experiences, about Roblox. want when many XD think and off, First people They're on of games in you taking places. mentioned we other

more necessarily licensed so And this more of industry. and isn't or rest Universe the the just platform taking Paramount NFL again, from them. We're like [indiscernible] our showing seeing once side-by-side game from SpongeBob, on platforms, up

networking and world. battle gigabyte share bad that battle around We RDC in and run device reel on RAM India of in very we with low-end the battle could We needs genre off innovation royale our our we the to model, you royales sizable we're fidelity the to We on And each traditionally Battle precompiled technical to size and work an better ultimately the believe royale this each a a shared good see driving royale royale. a a of -- a -- continue in higher running X penetration is chunk financially, condition market those a like at internal difficult genre compromise. low-end the platform. we I'll by going of the market faster, battle genres networking X example. and way of leading Roblox X at mobile XX% this. monolithic ultimately launch no to support one on give to on genre is Android top than

tuned So that. on stay

XD notion which closely also exact is to base. very the gaming to high-end cloud, stream a developing, royale architecture streaming that on simultaneously, architecture the should same But battle PC Android with the assets run that, higher-quality X-gigabyte connected same the and that's leads on a we're running code

I say the Android important these quality. to which high-end segment, platform. be mobile ultimately cloud and we the perf, going So games on even also low-end either third going And see the is more starting puzzle-type in are to of to is we or then the adjusting dynamically would segment, compromise are experiences. Because the quality not very on PC

it's XD imminently which that has in context traditionally support make without any believe been experiences technical important us we breakthroughs This a streaming monolithically downloaded So on for to quality. for by the a complemented compromise road map is economics.

complemented see with way paid Roblox to XX% say by is the behind You traditionally access forward. saw working with the platform. situations. certain these us and then all to on will who scenes, in other search that's discovery high-end would ways were launched help This ] features And games you bring the moving I in developers [

So we the this by are Internally, we're make metrics taking this quarter-by-quarter very to watching genre happen. seriously. genre

Operator

with to Carpenter JPMorgan. We'll Cory go next

Cory Carpenter

Wanted ask on to advertising.

on You XXXX remarks, much about prepared in it your didn't touch you talked initiatives.

So for hoping in and embedded the can you that's contribution any this plans in give expecting your quantifying help frame 'XX your ad you could just you're business the year on maybe ad outlook.

David Baszucki

ads when shared including Mike first. out. of big go I'll it. talk about I'll our that products, We video. ad enough, portfolio it feel adding the of to break possibly middle video we'll advertising and We're user-initiated streaming let just we is in

building on tiles our on business are sponsor We homepage. increasing already an

shopping We ads. with are live

top XX what's understand I potential to movie coming. Roblox to with engagement of here want the highlight releases X the boost and using

exciting. whether causality. that's Of think course, or really But say we do we correlation won't is it's

break team Mike. supplemented it's not So to it's on feel amazing we've we're with talent, a do ready yet, track. think we're great simply The out I it I --

Michael Guthrie

for guidance 'XX. Correct. in the of we numbers in very little that today our And terms there's produce

Operator

Lampen question next of comes Your line from BTIG. Clark with the

William Lampen

any discover, maybe the year, potentially very of creation picks little the and the being standpoint business, said in taxed a avoid your experience, services differently, this higher the is accretive signs as from been successful monitor live of to community bookings been Dave, to you is there personalization a for of up? potentially obviously by though, and burnout that it's course two. and have you any you way seen, a the Have pace burden? this content have I a developer bit guess, as objectively rolling on consequence out growth. I over player guys

framing this there that's XXXX, Second of rate of margin what's improvement forecasted question, way improvement any Mike, of as thinking the baked is in us rather of we're might didn't and an whole how Since as a a about leverage? sort direct going for result much leverage for XXXX, up cost in year of that, would pick OpEx lot that's be to in XXXX. you hire imagine I

David Baszucki

search on start and I'll Yes, discovery.

First, a talk with our of a about transparency community, We've we're and really and what meet made highlight lot, want a RDC I The in they commitment search rewarding. couple algorithms at creator values hyper what see personally times discovery can to things. where run That's we who this can to we transparent well And be as how feature do ops, organic very discovery updates. in with for transparent at we complemented we we because we're as stay believe search. tuned live be that. so rewarding in organic

Roblox. times the want year. to day. iterate Roblox creators a many encourage than highlight, a shipped monolithic ones. build We're times shipping It's many I rather make small XX way updates we giant advancements We all safety we to and

burnout. I think don't so encouraging we're actually And

we're do I engineering. way healthy to think a encouraging

Michael Guthrie

to answer want your I right. to going I'm Clark, it I sure make question. get

can because in can aggressively said we're This over with of as the my in opening I line comments, vis-a-vis growth still step closely we year. a costs a had expenses up, the good can growth up top We leverage in earlier in and top much last this where have more position and last mid- headcount teens that in growth year such now line expect, on year, track we add pretty cost a years. we year high the to margins. couple So very coming based hire this

on that's the side. one. fixed cost number That's So

Infra, two, and Number trust safety.

cost believe we serve still We amount drive significant pretty continue line. that that drive down to and improvement in cost we of to there's can a

both so how costs. saying think at That's those you want I of direct two, embedded they're then what add, operating it. in And fixed expenses. long just the of sort exchange were I the beginning, had operating more costs versus and They're said just And OpEx, I quite about been of time, the that have of developer talked and sold. of business we've sold. we have our and goods goods potential variable leverage And our in cost for to cost unlocking a

that in journey, towards certainly is but We're first still pricing that. differential move early a

operating developer so And us possibility that you about flow. to sharing our -- and top expect operating hiring leverage, see our talked leverage a and just is see guidance on One while safety effectively that the by bit line, a on of trust and incremental really things cash our in IT&S, we in we while infra, few with than report And lower for is little sharing start more investors driven investing in do slightly years. at the community COGS. there in is rate P&L allows what we've growth as what some to we the a that margin real

answer that's we're we're really an like question? enviable So financial I in your position. why Did --

William Lampen

Yes, you did.

like in a lot And think I relative you're modeling right, OpEx. essentially what have if margin I question here it leverage of gross OpEx it leverage. the to sounds is

COGS wait that of there the leverage. see the year incremental of whether over Is sort and correct? leverage course -- or COGS You'll is

Michael Guthrie

Correct.

Operator

Your with comes of Cost Stanley. question next Morgan from the line Matthew

Matthew Cost

the on DAU trajectory. The first just is one

was there to regions. XQ. of a down think It step across from XQ most be to I slight seemed the

were in Any worth XQ the puts platform and what out the XQ? call to to regions or that noting? content step-down that's drove takes DAU that So from

on building a Clark's And then little bit. I question secondly, just just think

think COGS. imagine, It out higher Roblox guide you XXXX, developers, to some year good a consumers going probably would or of good exchange year a for amount in kind at more as be As pricing. that you means as differential the your to for of benefit that which to result I guidance guide the margins. good first would to this for to cost is is that's developer it, payment as initial XX I pricing shift the get time, of I months? gross X, at understand look for there fees differential model, But margin a a bad Over

David Baszucki

want what going may in hints to I'm X of results share space running as part platform. as on X seeing economics. as a just We the be content start developer we to through of our the move money through the years you to picture the our gaming move helps can It platform. to over drive community this much of on XX% we it. and It's next to great growth as

cost will us a see of and percent on bookings work safety a bookings. of quality without percent percent as You bookings, relentlessly compromising and as infra of as on COGS trust personnel a

to behind is that leaves what and what can our developers. that move cash Because we

of So pricing, flowing of the the also the down roughly is way, given receive in amount money great because way amount it And correlate respond seen to a move we The It's we've has that rational through better. a the to drive growth. in more developers cash economic we increased amount a this, really consumers Robux of contributed COGS where to raw the ultimately bit. our rationalizing policy. drives Robux we

do of job our DevEx would a continue side, just as I the right. would ], big percent that on comment So you gains see if can Mike, we you at to picture, slowly march [ upwards hope,

Michael Guthrie

cost margins The XXX that the still We're And do time. in allows mean structure efficiency that in we're same right. doesn't talking at about the will XXX both. down that us implies go basis guidance to number that, the is That's bit primarily about. than that range specific, this points Obviously, talked about year, But back the a embedded get that. in talked operating we the that quite late we higher 'XX, in was to expenses to 'XX.

it about sort to Another to not is carefully leverage. way that modeling in COGS we're We're of optimistic saying today. But We're it have COGS exciting and leverage. watching lever. it's of that guiding

that past. We the haven't had in

of lot pretty a saw we step-up lot DAUs. of lapping PlayStation significant launch that QX, We side, On activity. a in the user it's new the of in Xbox, and sign-up saw again a platform a

January sorry, And that so into lap really we to -- of coming -- have 'XX. into QX

users specifically primarily a we letter, a first user And look the Europe the where quite growth, in just full addition, of Turkey, strong was been healthy in growth in slower which world. by into Europe has overall, the about as growth call-out versus monetization, And Eastern bookings on certainly, off. talked the quarter DAUs if in turns In bookings seeing little you the driven we're strong growth bit a Turkey which at rest strong is and the bit engagement growth.

David Baszucki

highlight grows. I are complementing with how see want we DAU you'll to India just little in which penetrated as growth, market of right XX% now north that

Operator

We'll Gawrelski with move Wells next to Kenneth Fargo.

Kenneth Gawrelski

may. if Two, I

earnings on you this AI-powered adoption we should how -- developers we think think are should How discussed adoption hearing length First one, acceleration the and one. Roblox with all the tools the do days? there? of these or what that you really rates about develop for very greater game enhanced and Is both? it the And about significant is is of Is first call? the development, impact my from at better developers cost the the time that's on ecosystem or it to you early an tools? new already? about overall it expect game And Maybe features

through of and second we kind you one maybe, just the takes us quarter guidance. about the could more the think And first puts walk Mike, is as if

that you talk dynamics later about in it more or in quarter. XQ guide. about in quarter early can so extensively dynamics maybe bookings just talked the But just the the the in the some letter bit between of different a You we understand

David Baszucki

are we on to of taking opportunity. smart with people kind want thoughtful very, economics. start large I'll developers owner. acquired and very highlight, think, believe I A I First, a economic Brookhaven Roblox of is and just their do the And by what note property property

flowing that. together. multiplies XX% Xx in to developers. through market achieve want of we ecosystem, So of I money all believe If roughly gaming our routing multiply -- content This we highlight to will, these which the think is that I itself we goal,

the well. I ago, would just as to our of bookings like increase said about we creators flowing to minutes XX share

multiply on So is those cloud are many our think experiences And triple then is with created the engine. things space. Roblox are in this we together. because two already And much gaming top a I than position is our traditional integrated the efficient where whammy more

is auto translation with engine. Our integrated our

Creators by and avatar than every is Brookhaven, experiences like most much was world, is created experiences who the device. on was and of a which world largest launch around translated running simulation stand-alone one run arguably bigger the very, avatar really and the experiences, team in small -- share very simulation

So triple of to on it that. a adds really that AI is whammy. top

fourth And multiplier. so a it's really

We're We're seeing anything, We're adopt creators and assistant that and that market we're in the the creation for experience want studio. to more going jobs I more see that. optimistic to more this. our to the grow, are for overall I'm we if to in AI. more supported space, think, do platform say for of believe our will about next example, jobs grow. the because going Dubai about talk there with by optimistic to economy going We week to continue not shrink a opportunity creation really

Mike. whammy it's with to a AI think So acceleration. actually quadruple Over I

Michael Guthrie

in embedded is what first guidance quarter. Ken, for Okay. the

about. what growth. to bookings as launch and line we already That's XX% the really that across things talked of guidance QX for the XX.X% XX%, the some by So exit bookings about quarter PlayStation saw of and the rate informed of other adjust we've is top we the

XXX like side, that better XXX points margin is and about. talk over come basis growth again we've improvement. implied continued XXX to XXX basis the to more what's the than here little points a to It's On

margin else rate is the seeing the the implied expectation course, then highest for guidance full implied -- pretty month we've for high What and still now we're the for So that's that's here. of quarter year? probably quarter. January, the seen in is improvement of growth

are The comps a early the easier little in course bit quarter. of

As you we from Easter tougher all in do it this year, March gets year. lap remember because last

year in last So Easter QX. was

benefit lap and the in against we'll of then comping we'll having April So March. in that QX. have not in April And Easter

seasonally, the course QX. looked also is just ago. at -- because the the few year, the right January first will And looked embedded and specifically, such feel are your it what strong, good we've year guidance. in half the half has seen exit because overall, the like I expectation the So had current quarter. third I We got I of is very our be really strong days rates you've been just that model because in a primarily a second than of the higher rates of year, of during growth in in

So to we're lap that. going

we lap printed Now, that to were yes, XX knew and months we QX now. we from ] QX [ going

we're And we're for do drive large to very overall and we that QX, on I So we're what's guidance. and And can QX of lot the in the to we're to And challenge. growth very growth year and And initiatives we us allow a number. for optimistic optimistic. year will guidance growth working a and there. against, right is will now, toughest in QX, full the sort above lap good for quarter growth, sure. of a job quarter embedded comp QX the QX think beyond that ready hope highest the have be in good But we that

Operator

for one time Markets. more have from question Brian BMO Capital We with Pitz

Brian Pitz

access core this One, Two from expected any is be how please. bookings to much may games contribution on how thoughts they cannibalistic potentially to questions, year business? paid and insights into your

that receive, around the update more mid-core, make development the age there the then an and question on hardcore pushback still to actually which your move most initiatives thoughts of on an the development terms accelerate that in up direction? two, And is thesis maybe the acquisition on driving latest platform, sense could in content. And biggest we the given of gaming the

David Baszucki

in numbers. see our We thesis don't your Wow.

rate want example, while I we over to all for they shared highlight, And summer, to our over XX. universities of the people growth this United Dress class. are do in the Impress playing were So in States,

we're we in growing XX continued older very growth It's and and rapidly, very, properties experiences. are So more that see NFL Universe up. appealing and more seeing to like

of world-class economic again actually is all a of world of creations including that gaming XX% the inconceivable launch don't now billion experiences, the overall And this We without including offering world there systems opportunities. range of by side, market a access after paid access. in access would these. pipeline advertising. paid experiences monetize right see $XXX go cover the we including gaming market we're see paid freemium on as experiences, to It's up getting that the On once content cannibalistic. lined wide that We

cannibalistic. it see not we accretive, as as So

Michael Guthrie

just pushing Brian, just and for -- least up. X X years one on last now comment. pushback. continue as And I described me, to up, aging appreciate the into question age we and what back you great people we're that's at because

build XX based age now, same build prediction X, creator continue the to in So to will have my in be and our And be you we'll technology up. will that exact producing question. increasingly from -- months it incredible will community older content But I the appreciate bringing that will on we year we're attractive users. up

David Baszucki

you. Great Thank question.

Stefanie Notaney

for call. everyone, it everyone, to you, off will today, our John, for I joining out thank and time. Well, to us. operator, joining hand Thank the us you, Good close

Operator

Thank concludes you That now for conference may call. today's your you and disconnect. participation,

Roblox (RBLX) 6 Feb 252024 Q4 Earnings call transcript