Roblox Corp Ordinary Shares - Class A

RBLX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	X#	LOCK\|hLWx	LOCK\|<Kvd<lFk

Roblox Earnings: Daily Active User Growth Underscores Fantastic Performance on All Fronts

Michael Hodel

Oct 31, 2024

Roblox reported stellar third-quarter results, beating net bookings guidance by 10% and making headway in all geographic regions. The network effect that underpins our narrow moat rating was on display as increased community-generated content and the success of Roblox-sponsored events pushed engagement past 20 billion hours. Management raised full-year 2024 projections for the top and bottom lines. After adjusting our model to reflect stronger user growth, we are increasing Roblox’s fair value estimate to $55 from $53.

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Roblox Corp Ordinary Shares - Class A

Roblox Earnings: Daily Active User Growth Underscores Fantastic Performance on All Fronts

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