Slide 1: Q1 2025 Supplemental Materials
Q1 2025 Supplemental Materials May 1, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and the live webcast and Q&A session which will be held at 530 a.m. Pacific Time/830 a.m. Eastern Time on Thursday, May 1, 2025 contain “forward-looking statementsˮ within the meaning of the “safe harborˮ provisions of the Private Securities Litigation
Slide 3: Q1 2025 Results Review
Q1 2025 Results Review 29% YoY Growth 31% YoY Growth 26% YoY Growth 30% YoY Growth $1,035M $1,207M 97.8M 21.7B REVENUE BOOKINGS1 AVERAGE DAILY HOURS ACTIVE USERS ENGAGED (“DAUsˮ) For endnote descriptions, see final slide. 3
Slide 4: Q1 2025 Results Review
Q1 2025 Results Review 86% YoY GrowthB 123% YoY GrowthB $(216)M $58M $444M $427M CONSOLIDATED ADJUSTED NET CASH AND CASH FREE CASH FLOW1 NET LOSS EBITDAA1 EQUIVALENTS PROVIDED BY OPERATING ACTIVITIES A Adjusted EBITDA excludes adjustments for increases in deferred revenue and deferred co
Slide 5: Operating and Financial Metrics Discussion
Operating and Financial Metrics Discussion 5
Slide 6: DAUs
DAUs (in millions) Year over year growth % 6
Slide 7: DAUs by Region and Age
DAUs by Region and Age(2) (in millions) By Region By Age Group US & Canada Europe APAC ROW U13 13O Unknown US & Canada 16% 15% 11% 17% 13% 21% 26% 15% 22% U13 12% 17% 12% 13% 12% 15% 16% 11% 13% Europe 27% 29% 22% 20% 13% 14% 15% 6% 10% 13O 31% 33% 25% 28% 22% 26% 34% 26% 36% YoY YoY APAC 18% 25% 23
Slide 8: Hours Engaged
Hours Engaged (in billions) Year over year growth % 8
Slide 9: Hours Engaged by Region and Age
Hours Engaged by Region and Age(2) (in billions) By Region By Age Group US & Canada Europe APAC ROW U13 13O Unknown US & Canada 21% 17% 12% 16% 12% 23% 28% 17% 27% U13 10% 13% 10% 10% 8% 16% 17% 11% 17% Europe 33% 32% 24% 21% 11% 16% 17% 9% 16% YoY 13O 33% 32% 27% 28% 19% 30% 37% 28% 40% YoY APAC 8%
Slide 10: Revenue
Revenue(3) $ in millions, unaudited) Year over year growth % For endnote descriptions, see final slide. 10
Slide 11: Revenue by Region
Revenue by Region(3)(4) $ in millions, unaudited) US & Canada Europe APAC ROW US & Canada 19% 13% 34% 27% 20% 29% 27% 30% 27% Europe 19% 14% 39% 29% 23% 32% 31% 35% 33% YoY APAC 42% 30% 52% 39% 31% 38% 29% 31% 28% ROW 30% 23% 49% 39% 33% 42% 38% 42% 40% Total 22% 15% 38% 30% 22% 31% 29% 32% 29% For
Slide 12: Bookings
Bookings(1) $ in millions, unaudited) Year over year growth % For endnote descriptions, see final slide. 12
Slide 13: Bookings by Region
Bookings by Region(1)(4) $ in millions, unaudited) US & Canada Europe APAC ROW US & Canada 21% 19% 14% 21% 17% 21% 33% 18% 31% Europe 17% 30% 37% 37% 23% 24% 36% 24% 29% YoY APAC 26% 17% 15% 18% 16% 22% 36% 29% 32% ROW 41% 36% 43% 49% 35% 33% 37% 24% 32% Total 23% 22% 20% 25% 19% 22% 34% 21% 31% Fo
Slide 14: Average Bookings per DAU (ABPDAU)
Average Bookings per DAU (“ABPDAU”)(1) Year over year growth % For endnote descriptions, see final slide. 14
Slide 15: ABPDAUs by Region
ABPDAUs by Region(1)(2)(4) Year over year growth % US & Canada Europe APAC ROW For endnote descriptions, see final slide. 15
Slide 16: Payer Community
Payer Community New & Returning Monthly Unique Payers (in millions) Average Bookings Per Monthly Unique Payer1 For endnote descriptions, see final slide. 16
Slide 17: Four Main Expenses
Four Main Expenses 17
Slide 18: Cost of Revenue
Cost of Revenue(3) $ in millions, unaudited) Year over year growth % For endnote descriptions, see final slide. 18
Slide 19: Developer Exchange Fees
Developer Exchange Fees $ in millions, unaudited) Year over year growth % % of Revenue 28% 24% 24% 30% 25% 23% 25% 28% 27% % of Bookings1 24% 21% 20% 20% 22% 22% 21% 21% 23% For endnote descriptions, see final slide. 19
Slide 20: Certain Infrastructure and Trust & Safety Expense
Certain Infrastructure and Trust & Safety Expense(5) $ in millions, unaudited) Year over year growth % % of Revenue 20% 19% 17% 17% 16% 14% 14% 13% 13% % of Bookings1 17% 17% 15% 11% 13% 13% 11% 9% 11% For endnote descriptions, see final slide. 20
Slide 21: Personnel Costs excl. Stock-Based Compensation Expense
Personnel Costs excl. Stock-Based Compensation Expense $ in millions, unaudited) Year over year growth % Headcount 2300 2400 2500 2500 2500 2400 2400 2500 2600 % of Revenue 29% 30% 27% 26% 28% 23% 22% 20% 23% % of Bookings1 24% 26% 23% 18% 25% 21% 18% 15% 20% For endnote descriptions, se
Slide 22: Liquidity, Cash Flow, & Shares Outstanding
Liquidity, Cash Flow, & Shares Outstanding 22
Slide 23: Principal Sources of Liquidity
Principal Sources of Liquidity $ in millions, unaudited) 7 Total cash, cash equivalents, and $3,092 $3,025 $3,116 $3,237 $3,469 $3,601 $3,882 $4,020 $4,511 investments Net Liquidity6 $2,103 $2,020 $2,111 $2,232 $2,464 $2,596 $2,876 $3,013 $3,504 For endnote descriptions, see final slide. 23
Slide 24: Net Cash Provided by Operating Activities
Net Cash and Cash Equivalents Provided by Operating Activities $ in millions, unaudited) A A Operating cash flow benefited from the delay of a $30 million payout to a developer that we now expect to pay in 2Q25. Had we made this payment in the 1Q25 as originally intended, operating cash flow fo
Slide 25: Free Cash Flow
Free Cash Flow(1) $ in millions, unaudited) A Acquisition of property $91.4M $110.9M $53.2M $65.2M $46.7M $39.7M $29.4M $63.9M $17.4M and equipment Purchases of intangible $0.5M $13.0M — — $1.2M $0.2M — — — assets A Free cash flow benefited from the delay of a $30 mill
Slide 26: Shares Outstanding
Shares Outstanding (in thousands, unaudited) As of 2024 to 3/31/2025 3/31/2024 3/31/2023 2025 YoY% Shares of Class A and B Common stock 677,750 639,734 610,487 6% outstanding Number of stock options outstandingA 22,815 37,488 49,148 39% Number of unvested RSUs outstanding 32,758 38,757 33,956 15
Slide 27: Guidance
Guidance 27
Slide 28: 2Q25 Guidance
2Q25 Guidance(8) Summary $ in millions) 3 months ended Guidance Actual 6/30/2025 6/30/2024 YoY % Low High Low High Revenue $1,020.0 $1,045.0 $893.5 14% 17% Bookings1 $1,165.0 $1,190.0 $955.2 22% 25% Consolidated net loss $288.0 $268.0 $207.2 39% 29% Adjusted EBITDA1 $25.0 $45.0 $66.5 62%
Slide 29: Fiscal Year Guidance
Fiscal Year Guidance(8) Summary $ in millions) 12 months ended Guidance Actual 12/31/2025 12/31/2024 YoY % Low High Low High Revenue $4,290.0 $4,365.0 $3,602.0 19% 21% Bookings1 $5,285.0 $5,360.0 $4,369.1 21% 23% Consolidated net loss $1,037.0 $977.0 $940.6 10% 4% Adjusted EBITDA1 $205.0
Slide 30: 2Q25 Guidance: Revenue to Bookings Reconciliation
2Q25 Guidance: Non-GAAP Financial Measures Reconciliation Revenue8 to Bookings1 $ in millions) 3 months ended Guidance Actual 6/30/2025 6/30/2024 YoY % Low High Low High Revenue $1,020.0 $1,045.0 $893.5 14% 17% Add (deduct): Change in deferred revenue 150.0 150.0 66.7 125% 125% Other 5.0 5.0
Slide 31: Fiscal Year Guidance: Revenue to Bookings Reconciliation
Fiscal Year Guidance: Non-GAAP Financial Measures Reconciliation Revenue8 to Bookings1 $ in millions) 12 months ended Guidance Actual 12/31/2025 12/31/2024 YoY % Low High Low High Revenue $4,290.0 $4,365.0 $3,602.0 19% 21% Add (deduct): Change in deferred revenue 1,015.0 1,015.0 792.4 28% 28% O
Slide 32: 2Q25 Guidance: Net Loss to Adjusted EBITDA
2Q25 Guidance: Non-GAAP Financial Measures Reconciliation Consolidated Net Loss8 to Adjusted EBITDA18 $ in millions) 3 months ended Guidance Actual 6/30/2025 6/30/2024 YoY % Low High Low High Consolidated Net Loss $288.0 $268.0 $207.2 39% 29% Add (deduct): Interest income 40.0 40.0
Slide 33: Fiscal Year Guidance: Net Loss to Adjusted EBITDA
Fiscal Year Guidance: Non-GAAP Financial Measures Reconciliation Consolidated Net Loss8 to Adjusted EBITDA18 $ in millions) 12 months ended Guidance Actual 12/31/2025 12/31/2024 YoY % Low High Low High Consolidated Net Loss $1,037.0 $977.0 $940.6 10% 4% Add (deduct): Interest income 16
Slide 34: 2Q25 Guidance: Operating Cash Flow to Free Cash Flow
2Q25 Guidance: Non-GAAP Financial Measures Reconciliation Net Cash and Cash EquivalentsA Provided by Operating Activities to Free Cash Flow1A $ in millions) 3 months ended Guidance Actual 6/30/2025 6/30/2024 YoY % Low High Low High Net cash and cash equivalents provided by operating activitie
Slide 35: Fiscal Year Guidance: Operating Cash Flow to Free Cash Flow
Fiscal Year Guidance: Non-GAAP Financial Measures Reconciliation Net Cash and Cash Equivalents Provided by Operating Activities to Free Cash Flow1 $ in millions) 12 months ended Guidance Actual 12/31/2025 12/31/2024 YoY % Low High Low High Net cash and cash equivalents provided by operating activ
Slide 36: Appendix
Appendix RQBLOX
Slide 37: Revenue, Deferred Revenue, and Bookings Illustration
Revenue, Deferred Revenue, and Bookings Illustration The following example illustrates GAAP revenue recognition for bookings on the Roblox platform. ● Paying user spends $30 on the Roblox platform to purchase 3,000 Robux or Recognized in Month 1 purchases a $30 prepaid card to exchange for 3,000 Rob
Slide 38: Non-GAAP Reconciliation: Revenue to Bookings
Non-GAAP Financial Measures Reconciliation Revenue to Bookings1 $ in thousands, unaudited) 3 months ended 2024 to 3/31/2025 3/31/2024 3/31/2023 2025 YoY% Revenue $ 1,035,207 $ 801,300 $ 655,344 29% Add (deduct): Change in deferred revenue 177,896 127,604 123,783 39% Other 6,393 5,147 5,308
Slide 39: Non-GAAP Reconciliation: Net Loss to Adjusted EBITDA
Non-GAAP Financial Measures Reconciliation Consolidated Net Loss to Adjusted EBITDA1 $ in thousands, unaudited) 3 months ended 2024 to 3/31/2025 3/31/2024 3/31/2023 2025 YoY% Consolidated Net Loss $ 216,340 $ 271,920 $ 269,948 20% Add (deduct): Interest income 46,323 42,170 31,082 10
Slide 40: Non-GAAP Reconciliation: Operating Cash Flow to Free Cash Flow
Non-GAAP Financial Measures Reconciliation Net Cash and Cash Equivalents Provided by Operating Activities to Free Cash Flow1 $ in thousands, unaudited) 3 months ended 2024 to 3/31/2025 3/31/2024 3/31/2023 2025 YoY% Net cash and cash equivalents provided by operating activities $ 443,914 $ 238,946
Slide 41: Personnel Costs excl. SBC by Department
Personnel Costs excl. Stock-Based Compensation Expense by Department $ in thousands, unaudited) 3 months ended 2024 to 3/31/2025 3/31/2024 3/31/2023 2025 YoY% Infrastructure and trust & safety $ 30,599 $ 29,100 $ 21,636 5% Research and development 155,969 149,638 123,214 4% General and administrati
Slide 42: Depreciation and Amortization Expense by Department
Depreciation and Amortization Expense by Department $ in thousands, unaudited) 3 months ended 2024 to 3/31/2025 3/31/2024 3/31/2023 2025 YoY% Infrastructure and trust & safety $ 43,786 $ 46,191 $ 41,014 5% Research and development 8,565 7,055 5,963 21% General and administrative 1,039 345 376 201%
Slide 43: Stock-Based Compensation Expense by Department
Stock-Based Compensation Expense by Department $ in thousands, unaudited) 3 months ended 2024 to 3/31/2025 3/31/2024 3/31/2023 2025 YoY% Infrastructure and trust & safety $ 33,550 $ 27,275 $ 18,532 23% Research and development 176,900 173,247 129,257 2% General and administrative 36,014 31,645 30,6
Slide 44: Non-GAAP Financial Measures Definitions
Non-GAAP Financial Measures Definitions This presentation contains the non-GAAP financial measures bookings, Adjusted EBITDA, and free cash flow. We use this non-GAAP financial information to evaluate our ongoing operations, for internal planning, and forecasting purposes. We believe that this non-G
Slide 45: Note Regarding Operating Metrics
Note Regarding Operating Metrics We manage our business by tracking several operating metrics, including average daily active users (“DAUs”), hours engaged, bookings, average bookings per DAU (“ABPDAU”), average new and returning monthly unique payers, monthly repurchase rate, and average bookings p
Slide 46: Note Regarding Operating Metrics (continued)
Note Regarding Operating Metrics (continued) Hours Engaged We define hours engaged as the time spent by our users on the platform. We calculate total hours engaged as the aggregate of user session lengths in a given period. We estimate this length of time using internal company systems that track us
Slide 47: Endnotes
Endnotes Note: Amounts reported in millions are rounded based on the amounts in thousands. As a result, 3 Beginning 2Q24, the estimated average lifetime of a payer changed from 28 months to the sum of the components reported in millions may not equal the total amount reported in millions 27 months