Roblox hits $1.1 billion bookings in Q3 as it cuts losses

Roblox revenue rose by 29% year-over-year to $919 million in Q3 as the company cut its losses on its road to profitability.

In its latest earnings report, the UGC platform reported $1.1 billion in bookings for the quarter, up 34% Y/Y. Total losses in Q3 stood at $240m, an improvement from $278m in the same quarter last year.

Console made up 8% of total bookings, while 92% came from non-console platforms, including PC and mobile. Non-console bookings saw 28% growth Y/Y.

Daily active users on Roblox grew 27% Y/Y to 88.9m, while monthly active users rose 30% to 19.1m.

Engagement hours hit 20.7 billion, a 29% increase, while average bookings per DAU rose to $12.70, up 6% Y/Y.

High revenue growth 

“Roblox’s exceptional Q3 results demonstrate the strength of our platform and the effectiveness of our growth strategies,” said Roblox CEO David Baszucki.

“We’re particularly proud of the progress we’ve made in empowering creators, fostering social connections, and expanding our global reach.

“As we look ahead, we remain committed to building the world’s largest social platform for play, and we’re confident that our continued innovation and focus on safety will drive long-term value for our shareholders and the broader Roblox community."