Roblox Corporation (NYSE: RBLX) has reported strong year-over-year growth across various core financial and operational metrics. In the fourth quarter of 2024, the company's revenue was $988.2 million, marking a 32% increase from the same period the previous year. Bookings reached $1,361.6 million, representing a 21% increase year-over-year. The average daily active users (DAUs) were 85.3 million, up 19% from the previous year.
For the full year 2024, Roblox reported revenue of $3,602.0 million, a 29% increase from the previous year. Bookings for the full year amounted to $4,369.1 million, reflecting a 24% increase year-over-year. The company's average DAUs increased by 21% to 82.9 million for the full year, while the hours engaged grew to 73.5 billion, up 23% year-over-year.
In terms of financial performance, Roblox's net cash and cash equivalents provided by operating activities reached $184.5 million in the fourth quarter, up 29% year-over-year. Free cash flow for the same period was $120.6 million, marking a 54% increase from the previous year. For the full year, net cash and cash equivalents provided by operating activities grew by 79% to $822.3 million, while free cash flow surged by 417% to $641.3 million.
Looking ahead, Roblox provided guidance for the first quarter and full year 2025. The company expects revenue between $990 million and $1,015 million for the first quarter, and revenue between $4,245 million and $4,345 million for the full year. Bookings are forecasted to be between $1,125 million and $1,150 million for the first quarter, and between $5,200 million and $5,300 million for the full year.
Roblox's Chief Financial Officer, Michael Guthrie, expressed satisfaction with the company's performance in 2024, citing revenue and bookings growth, margin improvements, and significant increases in cash flow and free cash flow. The company's Founder and CEO, David Baszucki, emphasized Roblox's commitment to innovation and community, with a focus on fostering genuine connections and building a platform that extends beyond technology.
For those interested in learning more about Roblox's fourth quarter and full year 2024 results, the company will be hosting a live Q&A session on February 6, 2025, at 5:30 a.m. Pacific Time/8:30 a.m. Eastern Time. The webcast will be accessible to the public at ir.roblox.com. Today the company's shares have moved -15.0% to a price of $64.14. For the full picture, make sure to review Roblox's 8-K report.
