Q1 25 EPS
$-0.32
BEAT +20.44%
Est. $-0.40
Q1 25 Revenue
$1.04B
MISS 9.65%
Est. $1.15B
vs S&P Since Q1 25
-62.3%
TRAILING MARKET
RBLX -35.2% vs S&P +27.2%
Market Reaction
Did RBLX Beat Earnings? Q1 2025 Results
Roblox posted a mixed but broadly encouraging first quarter for 2025, beating sharply on the bottom line while falling short of lofty revenue expectations, a combination that nonetheless underscored meaningful operational progress. The company report… Read more Roblox posted a mixed but broadly encouraging first quarter for 2025, beating sharply on the bottom line while falling short of lofty revenue expectations, a combination that nonetheless underscored meaningful operational progress. The company reported a loss per share of $0.32, well ahead of the consensus estimate of $0.40, a 20.44% beat driven by aggressive cost discipline that held personnel expenses to just 5% growth against 29.2% revenue expansion. Revenue of $1.04 billion trailed the $1.15 billion consensus by 9.65%, though the year-over-year growth rate remained robust. The more telling story was in profitability: adjusted EBITDA swung to a positive $57.96 million from negative $6.90 million a year ago, and free cash flow hit a record $426.55 million, up 123% year-over-year. Daily active users climbed 26% to 97.8 million, with older users, the higher-monetizing 13-plus demographic, now representing 62% of that base. Looking ahead, the path higher for shares may hinge on full-year bookings guidance of $5.29 billion to $5.36 billion, which management raised from prior targets.
Key Takeaways
- • 29% YoY revenue growth and 31% YoY bookings growth driven by strong performance across all regions
- • DAUs grew 26% YoY to 97.8 million with hours engaged up 30% to 21.7 billion
- • Users aged 13+ growing 36% YoY, now 62% of total DAUs and 64% of hours engaged
- • Monthly unique payers reached 20.2 million, up 29% YoY, driven by record new MUPs and higher repurchase rates
- • 749 basis points improvement in margins YoY, well above 100-300 bps long-term guidance
- • Personnel cost leverage was the largest source of operating leverage (up only 5% on 29% revenue growth)
- • Infrastructure and trust & safety costs grew only 8% YoY while revenue grew 29%
- • Differential Robux pricing increased desktop bookings as a percentage of total bookings
- • Genre expansion: RPG, sports/racing, shooters Robux spending grew 69% YoY
RBLX YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“In Q1 2025, all of our results were above the guidance we provided on our Q4 2024 earnings call as we continue to deliver on several key growth initiatives. In addition to our focus on raw performance and quality, investments in the virtual economy and search and discovery are driving growth in platform monetization, bookings, and creator earnings. During the quarter, Roblox creators earned a record $281.6 million and over the past 12 months, more than 100 Roblox developers earned over $1 million. As a whole, the community is on pace to exceed $1 billion of earnings for the full year.”
— David Baszucki, Q1 2025 Earnings Press Release
RBLX Earnings Trends
RBLX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RBLX EPS Trend
Earnings per share: estimate vs actual
RBLX Revenue Trend
Quarterly revenue: estimate vs actual
RBLX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | $1.44B | -17.52% |
| Q4 25 BEAT FY | $-0.49 | $-0.45 | +8.16% | $1.42B | — |
| FY Full Year | $-1.55 | $-1.54 | +0.85% | $4.89B | -26.41% |
| Q3 25 BEAT | $-0.50 | $-0.37 | +26.29% | $1.36B | -20.02% |
| Q2 25 MISS | $-0.36 | $-0.41 | -13.86% | $1.08B | -14.78% |
| Q1 25 BEAT | $-0.40 | $-0.32 | +20.44% | $1.04B | -9.65% |