Roblox Corporation - Ordinary Shares - Class A

Strong Financial Performance: Roblox reported Q1 2025 revenue of $1.035 billion, a 29% year-on-year increase, surpassing guidance estimates of $990 million to $1.015 billion. Q1 bookings reached $1.207 billion, up 31% year-on-year, exceeding the high-end guidance range of $1.125 billion to $1.15 billion. Cash from operations increased by 86% year-on-year to $443 million, with free cash flow more than doubling to $426 million.

User Growth and Engagement: Daily Active Users (DAUs) rose to 97.8 million, a 26% year-on-year increase, with notable growth in specific regions such as Japan (48% growth) and India (77% growth). Engagement, measured in hours played, reached 21.7 billion hours, up 30% year-on-year, indicating robust user retention and increasing appeal.

Operational Efficiency and Margin Improvement: Roblox has successfully managed costs, with personnel costs growing slower than revenues at 23% of revenue. The company achieved significant margin expansion, resulting in operating cash flow growth of over 70% year-over-year and demonstrates a commitment to maintaining profitable operations while investing in user experience enhancements.