Roblox Earnings: Bookings Growth Continues to Accelerate Around the World

Roblox posted a strong jump in the number of active players during the fourth quarter, with growth across all regions. Average spending per player also increased, driving accelerated bookings growth, operating leverage, and growth in cash flow. The acceleration in player monetization we’ve been expecting appears to be happening sooner than projected, but we aren’t changing our long-term assumptions about the ultimate size of Roblox’s player base. We are maintaining our $60 fair value estimate and believe shares still look attractive.