Roblox Corp (RBLX) Earnings History

Roblox Corp - Q4 2025 EarningsMissed

Filed at: Feb 5, 2026, 4:06 PM EST|Read from source

EXECUTIVE SUMMARY

Roblox reported a banner fiscal year 2025, significantly exceeding guidance with strong growth in users, revenue, and bookings, driven by increased content diversity and deeper engagement. The company is strategically focused on expanding its reach to older demographics, leveraging AI, prioritizing safety, and accelerating its flywheel for long-term margin expansion and market share gains.

POSITIVE HIGHLIGHTS

  • •

    Fiscal year 2025 revenue grew 36% year-over-year to $4.9 billion, exceeding annual guidance.

    positive
  • •

    Fourth quarter revenue increased 43% year-over-year to $1.4 billion, and bookings grew 63% year-over-year to $2.2 billion.

    positive
  • •

    Average Daily Active Users (DAUs) grew 69% year-over-year to 144 million in Q4 2025.

    positive
  • •

    Hours Engaged grew 88% year-over-year to 35 billion in Q4 2025.

    positive
  • •

    Operating cash flow was $607 million in Q4 2025, a significant increase from $184 million in Q4 2024.

    positive
  • •

    Free cash flow totaled $307 million in Q4 2025, a 155% increase year-over-year.

    positive
  • •

    The company is seeing strong growth in the older demographic (18+), which monetizes 40% higher than younger cohorts.

    positive
  • •

    Top 1,000 creators earned an average of $1.3 million in 2025, up over 50% compared to a year ago.

    positive

CONCERNS & RISKS

  • •

    Consolidated net loss increased to $318 million in Q4 2025 from $221 million in Q4 2024.

    negative
  • •

    Adjusted EBITDA decreased to $3 million in Q4 2025 from $66 million in Q4 2024.

    negative
  • •

    Developer Exchange (DevEx) fees grew 70% year-over-year, reflecting an 8.5% increase in the DevEx rate, impacting profitability.

    attention
  • •

    Certain Infrastructure and Trust & Safety expenses grew 65% year-over-year, driven by third-party cloud infrastructure.

    attention
  • •

    Personnel costs exclusive of stock-based compensation increased 25% year-over-year, driven by a 24% increase in headcount.

    attention
  • •

    The mandatory age-check rollout created short-term friction, resulting in a mid-single-digit headwind to engagement growth and a low-single-digit headwind to bookings growth.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$1.42B
+43.2%
Prior year: $988.18M
Annual (YTD)
$4.89B
N/A
Prior year: $3.60B
Net Income
Quarterly
$-318.11M
-43.9%
Prior year: $-221.05M
Annual (YTD)
$-1.07B
N/A
Prior year: $-940.61M
EPS (Diluted)
Quarterly
$-0.45
-36.4%
Prior year: $-0.33
Annual (YTD)
$-1.54
N/A
Prior year: $-1.44
Operating Income
Quarterly
$-358.64M
-46.9%
Prior year: $-244.11M
Annual (YTD)
$-1.23B
N/A
Prior year: $-1.06B
EPS (Basic)
Quarterly
$-0.45
-36.4%
Prior year: $-0.33
Annual (YTD)
$-1.54
N/A
Prior year: $-1.44

MARGIN ANALYSIS

Operating Margin
Current Quarter
-25.3%
Prior Year
-24.7%
YoY Change
-64 bps
Net Margin
Current Quarter
-22.5%
Prior Year
-22.4%
YoY Change
-11 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY2026

Revenue
$6019000.0B—$6290000.0B
Mid-point: $6154500.0B
Bookings
8,282,000,000—8,553,000,000
Mid-point: 8,417,500,000
Consolidated net loss
-1,303,000,000—-1,135,000,000
Mid-point: -1,219,000,000
Adjusted EBITDA
30,000,000—198,000,000
Mid-point: 114,000,000

Q1 2026

Revenue
$1370000.0B—$1420000.0B
Mid-point: $1395000.0B
Bookings
1,690,000,000—1,740,000,000
Mid-point: 1,715,000,000
Consolidated net loss
-329,000,000—-311,000,000
Mid-point: -320,000,000
Adjusted EBITDA
4,000,000—22,000,000
Mid-point: 13,000,000

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Fiscal 2025 was a banner year, exceeding guidance with strong growth across core metrics.

— Roblox Corp, Q4 2025 2025 Earnings Call

Strategic focus on expanding to older audiences, leveraging AI, and enhancing safety.

— Roblox Corp, Q4 2025 2025 Earnings Call

The age-check initiative, while causing short-term friction, unlocks long-term opportunities for tailored content and safety.

— Roblox Corp, Q4 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Average Monthly Unique Payers (MUP)
36.7M
+86.3% YoY
Prior year: 19.7M
users
Bookings per DAU (ABP-DAU)
N/A
dollars
DAUs
144.0M
+69.4% YoY
Prior year: 85.0M
users
Hours Engaged
35000.0M
+88.2% YoY
Prior year: 18600.0M
hours

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.