Roblox (NYSE: RBLX) reported Q4 EPS of ($0.52), $0.03 better than the analyst estimate of ($0.55). Bookings for the quarter came in at $1.13 billion versus the consensus estimate of $1.07 billion.

Forward Looking Guidance:

Roblox provides its initial full year and first quarter 2024 GAAP and non-GAAP guidance:

• Full Year 2024 Guidance
• Revenue between $3,300 million and $3,400 million.
• Bookings between $4,140 million and $4,280 million.
• Consolidated net loss between $(1,400) million and $(1,365) million.
• Adjusted EBITDA between $(150) million and $(115) million (A), which includes:
• Increase in deferred revenue between $852 million and $892 million.
• Increase in deferred cost of revenue between $(172) million and $(177) million.
• The total of these changes in deferrals between $680 million and $715 million. (B)
• (A) + (B) = Covenant Adjusted EBITDA2
• First Quarter 2024 Guidance
• Revenue between $755 million and $780 million.
• Bookings between $910 million and $940 million.
• Consolidated net loss between $(347) million and $(342) million.
• Adjusted EBITDA between $(55) million and $(50) million (A), which includes:
• Increase in deferred revenue between $158 million and $163 million.
• Increase in deferred cost of revenue between $(33) million and $(35) million.
• The total of these changes in deferrals between $125 million and $128 million. (B)
• (A) + (B) = Covenant Adjusted EBITDA2
• (1)
• Net liquidity represents cash and cash equivalents, short-term investments, and long-term investments, less the carrying value of long-term debt, net.
• (2)
• Covenant Adjusted EBITDA is used in certain covenant calculations specified in the indenture governing our senior notes due 2030 and is not calculated in accordance with GAAP and may not conform to the calculation of Adjusted EBITDA by other companies. Covenant Adjusted EBITDA should not be considered as a substitute for a measure of our financial performance or other liquidity measures prepared in accordance with GAAP and is also not indicative of income or loss calculated in accordance with GAAP.

For earnings history and earnings-related data on Roblox (RBLX) click here.