编译/VR陀螺 Roblox将2025年描述为该平台的"辉煌之年"，其收入和预订量大幅增长，远超其预期和长期目标，尤其 日活跃用户数 (DAU) 和用户参与时长。据称，第四季度其日活跃用户数同比增长69%至1.44亿，用户参 与时长增长88%至350亿小时。 此外，Roblox的月均独立付费用户数量也同比增长了94%，达到3670万，玩家平均每月消费20.18美 元，该公司游戏内货币Robux的消费额也增长了53%。 截至本财年末，Roblox 已占据全球游戏内容市场3.4%的份额。展望未来，Roblox预测全年收入增长将 在60亿美元至62亿美元之间，预订量将在82亿美元至85亿美元之间。 来源：gamesindustry 近日，Roblox公布了截至2025年12月31日的第四季度和财年财务业绩。数据显示，其全年营收49亿美 元，同比增长36%；第四季度营收14亿美元，同比增长43%。 ...

Roblox（RBLX.US）美东时间2月5日美股盘前发布了2025财年第四季度业绩。整体业绩Q4业绩整体看偏积极，虽然称不上炸裂，但主要使得压抑了许久 的市场情绪，借机得到了一些释放。 1.最大亮点——Bookings超预期：Q4流水增幅63%，虽相比巅峰的Q3有放缓，但超出市场预期。与此同时，公司对Q1（+50%～54%）以及2026全年的指 引（+22%～26%）也都超了一致预期。 对Roblox来说，流水比收入更具备前瞻性，因此也就更值得关注，这次Q4以及对今年Q1的指引均超预期。此前市场担心今年的高基数压力，预期流水增 速要低于一直以来的中长期指引20%。 5.现金流稳步改善：Q4自由现金流加速增长至7.5亿，同比150%的增长，占当期Bookings的22%，意味着每进入平台100美元，扣除基本的运营支出，约有 22美元留存在公司内部。截至年末，公司账上有45.4亿净现金，短期1年内可直接用的净现金为31亿。 而实际指引要更好一些，尤其是考虑到管理层一贯偏保守的指引风格，因此实际可能更优，这对情绪而言会是一个明显提振。 2.担忧缓解——用户生态健康：引发Roblox从11月至Genie影响之前跌跌 ...

Diane King Hall is with me to take a look at some of the big movers here on Wall Street. Good morning, Diane. >> Good morning.It's good to be with you. Yeah, we've got Roblox first up, right. That one is a big gainer.Uh you got better than expected results on revenue and daily active users helping to spawn the gains here. The gamers know what I'm talking about here. That stock rallying more than 10%.My son is sticky on this one as are many other young people. Uh it did report a loss on an adjusted basis of ...

Roblox (NYSE:RBLX) Q4 2025 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsAndrew Rosivach - Managing DirectorBrian Pitz - Managing DirectorCory Carpenter - Executive DirectorDavid Baszucki - CEOEric Sheridan - Managing DirectorJaime Morris - Head of Investor RelationsJames Heaney - SVP of Equity ResearchKen Gawrelski - Managing DirectorMatthew Cost - Executive Director of Equity ResearchNaveen Chopra - CFOConference Call ParticipantsOmar Dessouky - Equity Research AnalystOperatorGood aftern ...

Q4 2025 Supplemental Materials This presentation and the live webcast and Q&A session which will be held at 130 p.m. Pacific Time/430 p.m. Eastern Time on Thursday, February 5, 2026 contain "forward-looking statementsˮ within the meaning of the "safe harborˮ provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our vision to connect one billion users with optimism and civility, our vision to reach 10% of the global gaming content market, the a ...

After reporting $1.2 billion in losses in 2023, more than $900 million in each of 2022 and 2024, and an estimated $1.1 billion in 2025, you wouldn't think I'd be suggesting that buying Roblox (NYSE: RBLX) stock is a great way to secure an early retirement. And yet I am. And it is. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Image source: Roblox. Valued at a market capitalization ...

Core Insights - Roblox is transitioning from a pandemic-driven growth phase to a more mature platform with a long-term growth trajectory, resetting investor expectations in 2025 [2][15] Group 1: Growth Reacceleration - In 2025, Roblox experienced a significant reacceleration in growth, with daily active users surpassing 150 million and engagement hours reaching record levels [4] - Management raised full-year bookings guidance multiple times, indicating sustained momentum rather than a temporary spike [4][5] - The growth is crucial as it underpins Roblox's investment thesis, demonstrating that the platform remains appealing globally and is not nearing saturation [5][6] Group 2: Monetization Options - Roblox began diversifying its revenue streams beyond Robux sales, which had previously made the business vulnerable [7][10] - The company executed advertising initiatives, including immersive ad formats and integration with Google Ad Manager, making its ad ambitions more credible [8] - An aging user base is contributing to higher spending, making the platform more attractive to advertisers and easing regulatory constraints [9][10] Group 3: Creator Ecosystem - The creator platform strengthened in 2025, with creator payouts exceeding $1 billion in the first nine months and new AI-assisted tools enhancing content creation [11] - This growth in creators and content fuels engagement, supporting both growth and monetization [12] - However, higher creator payouts pose a challenge to margins, necessitating a balance between creator success and shareholder returns [12][13]

Core Insights - The COVID-19 pandemic created contrasting outcomes for Carnival and Roblox, with Carnival facing severe challenges while Roblox thrived during the lockdowns [1][2] Carnival's Performance - Carnival's total revenue dropped from $20.8 billion in fiscal 2019 to $1.9 billion in fiscal 2021 due to the pandemic, resulting in net losses of $10.2 billion in fiscal 2020 and $9.5 billion in fiscal 2021 [4] - To maintain solvency, Carnival idled ships, cut spending, and increased its year-end debt from $11.5 billion in fiscal 2019 to $33.2 billion in fiscal 2021 [5] - By fiscal 2023, Carnival's revenue rebounded to $21.6 billion, exceeding pre-pandemic levels, and is projected to grow to $25 billion in fiscal 2024, with a net profit of $1.9 billion [8] - Analysts forecast Carnival's revenue and earnings per share (EPS) to grow at a compound annual growth rate (CAGR) of 5% and 24% respectively from fiscal 2024 to fiscal 2027 [9] Roblox's Performance - Roblox experienced significant growth during the pandemic, with bookings surging 45% in 2021 and daily active users (DAUs) increasing by 40% [13] - However, as pandemic restrictions eased, Roblox's growth metrics slowed, leading to a drop in stock price to a low of $21.65 in May 2022 [14] - In 2023, Roblox's bookings increased by 23%, and DAUs rose from 58.8 million in fiscal 2022 to 85.3 million in fiscal 2024, indicating a recovery [15] - Despite this growth, Roblox is expected to remain unprofitable due to high infrastructure costs and nearly $1 billion in debt [16] Investment Outlook - While Roblox has shown strong growth, its capital-intensive model raises sustainability concerns, whereas Carnival, despite slower growth, is profitable and presents a more attractive investment opportunity in the current market [17]

Core Insights - Roblox has regained attention in 2025 due to its strong growth and renewed investor confidence [1][2] Growth Momentum - Roblox reported $1.4 billion in revenue for the most recent quarter, marking a 48% year-over-year increase, with bookings surging by 70% [3] - Daily active users (DAU) increased by 70% year-over-year to 151.5 million, and engagement hours reached 39.6 billion, a 91% rise from the previous year [4] - The user base is expanding into new age groups and regions, with users aged 13 and older growing by 89% year-over-year [5] Monetization Strategy - Roblox is evolving its monetization strategy beyond in-game currency, Robux, by implementing regional pricing strategies for Game Passes and Marketplace items [7][8] - A partnership with Google Ad Manager aims to enhance ad monetization, with 18,000 creators using traffic-driving ads in Q3, a 27% increase from Q2 [9] Investor Sentiment - The stock has more than doubled in 2025, trading at 19 times sales, but remains unprofitable due to high infrastructure and safety costs [12] - The contrasting views among investors highlight strong growth potential versus concerns over valuation and profitability [13] Future Outlook - The company is in a transition phase, aiming to align engagement, monetization, and operating leverage to achieve profitability [15][16]

Core Insights - Roblox Corporation (NYSE:RBLX) is highlighted as a strong investment opportunity by billionaire D.E. Shaw, following impressive third-quarter results with bookings of $1.92 billion, a 70% increase year-over-year, surpassing expectations [1] Financial Performance - The company reported a net loss of $0.37 per share, which was better than analyst forecasts [2] - Revenue increased by 48% year-over-year to $1.36 billion, driven by viral content and strategic investments in its creator ecosystem [2] - Daily active users reached 151.5 million, with total hours spent on the platform rising by 91% [2] - Operating cash flow surged by 121%, while free cash flow increased by 103% [2] Business Model - Roblox operates a user-generated online gaming platform that allows users to create, share, and play 3D experiences [3] - The platform is free-to-play and generates revenue through a cut of sales from its virtual currency, Robux, and advertising [3]