Summary by Moomoo AI
Roblox Corporation, a leading online platform for user-generated content, has reported its financial results for the fiscal year ending December 31, 2023. The company saw a 26% increase in revenue, reaching $2.799 billion compared to $2.225 billion in the previous year. This growth was primarily driven by a higher average number of daily unique paying users, which rose from approximately 725,000 in 2022 to approximately 852,000 in 2023. Despite this increase in revenue, Roblox reported a consolidated net loss of $1.158 billion, a slight increase from the $934 million loss in the previous year. The company's bookings, a non-GAAP financial measure, also saw an increase, totaling $3.520 billion, up from $2.872 billion in the prior year. Free cash flow improved significantly, turning positive at $124 million compared to a negative $58 million...Show More