Roblox(RBLX) - 2025 Q3 - Quarterly Report

User Metrics - Average Daily Active Users (DAUs) are defined as users who log in and visit the platform on a unique registered account on a given calendar day, with DAUs for a specified period being the average for that period[17]. - Average Monthly Unique Payers are defined as user accounts that made a payment or redeemed a prepaid card during a month, with multiple purchases counted as a single payer[28]. - The accuracy of user metrics may be impacted by factors such as botting and unauthorized access, which can lead to overstatements of DAUs[19][16]. Financial Performance - Bookings represent sales activity in a given period, primarily from virtual currency sales, and are recorded in deferred revenue, recognized over the estimated average lifetime of a paying user, which was 27 months as of September 30, 2025[23][24]. - Average Bookings per Daily Active User (ABPDAU) is calculated by dividing bookings in a given period by the DAUs for that period, providing insight into monetization across users[27]. - Bookings are broken out by geographic region based on the billing country of payers, aiding in understanding global engagement and monetization[26]. Engagement Metrics - Total hours engaged are calculated as the aggregate of user session lengths, with tracking methodologies evolving as new features are developed[20][22]. Debt and Interest Rates - A hypothetical 100 basis points increase in interest rates would have resulted in a decrease in the fair values of the company's debt securities by approximately $43.5 million as of September 30, 2025[259]. - The company issued $1.0 billion aggregate principal amount of the 2030 Notes, with interest payable semiannually and the entire principal due at maturity on May 1, 2030[261]. User Demographics - The company is implementing systems for additional user demographic data, including age verification, which will affect reported age demographics starting in Q3 2025[15].