Roblox Reports Record Bookings and Growth in 2023, Despite Widening Losses

The gaming platform's bookings surpassed $1 billion in Q4, driven by user growth and in-game spending, but net losses deepened to over $1 billion for the year.

Roblox achieved over $1 billion in bookings for Q4 2023, marking a 25% year-over-year increase.
Daily active users reached 71.5 million in Q4, a 22% increase from the previous year, with growth attributed to older users and international markets.
Full-year revenue for 2023 was $2.8 billion, a 26% increase, while net losses widened to $1.15 billion.
Roblox's CEO remains optimistic about reaching 1 billion daily active users, driven by investments in immersive experiences, advertising, and AI.
The company forecasts strong bookings for 2024, with estimates between $4.14 billion and $4.28 billion.