Roblox Corp. has released its financial data for this year third quarterwhich CEO David Baszucki defined as “exceptional” thanks to the main financial and operational parameters that grow at “high rates” well above the indications published by the company during the second quarter.
Starting from September 30, 2024the company achieved net sales of $919 million and bookings of $1.12 billion, up 29% and 34%, respectively, from the prior year. Daily active users (DAU) increased 27% year-over-year to 88.9 million, and hourly engagement data reached 20.7 billion, an increase of 29%.
This growth, Baszuscki said, “shows[s] the strength of our platform and the effectiveness of our growth strategies. We are especially proud of the progress we have made in empowering creators, fostering social connections, and expanding our global reach.”
The growth of the Roblox console
In the shareholder letterRoblox Corp noted that this quarter's pre-orders saw “unusually high” growth from consoles thanks to The one from Roblox launching on PlayStation 4 in late 2023. Console bookings accounted for 8% of overall bookings for the quarter, and non-console bookings (read: PC, tablet, mobile) grew 28% over the prior year.
According to Roblox Corp., The one from Roblox hourly engagement has grown “slightly faster” than DAUs over the past six years, and bookings have grown faster than hours. That engagement increases “like Roblox content has improved and DAUs have increased in duration” and more and more users become contributors “over time as content has improved and platform functionality has expanded.”
Later in November, the company will reportedly launch new ones safety measures for children following multiple reports of young Roblox players be exposed to harmful or sexual content. Those reforms include requiring players ages 13 and under to have parental permission to access in-game chat features and allowing parents to create a type of account to monitor their child's friends and family. gaming activities.
While emphasizing the safety of its game, Roblox Corp.'s letter emphasizes that its “top priority is to create one of the safest online environments for users. […] We are deeply troubled by any incident that puts our users in danger and take safety concerns on the platform extremely seriously.”
It also said it will offer more information on new safety reforms before launch, and highlighted its human moderators and automated tools, as well as partnerships with child safety groups.
“We will continue to invest in technology, policies and partnerships to pursue the highest standards of trust and security on our platform,” he wrote. “We understand that there is always more work to be done and we are committed to taking the necessary steps Roblox a safe and positive environment for all users.”