Jason Scorrano’s Post

🇺🇸🎮 Roblox's financial results for the first quarter of 2024: - Adjusted Earnings Per Share (Adjusted EPS): -$0.43 (forecast -$0.53). - Revenue: $801.3 million (forecasted $771.7 million). - Bookings: $923.8 million (forecast $923 million); an increase of 19% year-on-year. Forecast for the second quarter of 2024: - Revenue: $ 855 million to $ 880 million (forecast $ 802.7 million). - Bookings: $870 million to $900 million ($934.09 million forecast). - Adjusted EBITDA: $36 million to $38 million. - Free Cash Flow: 16 to 23 million dollars. - Net loss: -267 to -265 million dollars. Forecast for the entire fiscal year 2024: - Revenue: $3.45 to $3.53 billion (previously forecast at $3.3 to $3.4 billion). - Bookings: $4 billion to $4.1 billion. - Adjusted EBITDA: $95 million to $147 million. - Free Cash Flow: $350 million to $420 million. Figures for the first quarter: - Daily active users (DAUs): 77.7 million; up 17% year-on-year. - Total hours of use: 16.7 billion; up 15% year-on-year. - Net cash provided by operating activities: $238.9 million; up 37% year-over-year. - Free Cash Flow: $191.1 million; an increase of 133% year-on-year. - Average booking volume per daily active user: $11.89; up 2%. Operational highlights: - Capital expenditures decreased by almost 50% year-on-year. - Increased platform efficiency through AI moderation and infrastructure optimization. - Introduced platform measures and improved app quality and performance. #RBLX #Report #TecnologyServices #PackagedSoftware 

Roblox 3rd Quarter 2023 Financial Results are out! .... And they haven't left anyone indifferent. 👀 📈 See below the Highlights 👇 📊 Financial: - Roblox’s revenue soared to an impressive $713.2 million, marking a remarkable 38% year-over-year increase. This exceptional growth can be attributed to the platform’s continuous innovation, captivating content, and expanding user base. - Bookings reached $839.5 million, demonstrating a solid 20% year-over-year growth. This growth comes from the increasing popularity of Roblox among its active user community, resulting in higher engagement and spending on the platform. - Despite a net loss attributable to common stockholders of $277.2 million, Roblox’s strong revenue and bookings growth highlight the company’s strategic investments in expanding its user base, improving its platform, and driving long-term value creation. 🚀 Operational: - Roblox experienced a significant increase in Average Daily Active Users (DAUs), reaching an impressive 70.2 million, representing a 20% year-over-year growth. - The platform witnessed a growth in Average Monthly Unique Payers, which reached 14.7 million, showing a 14% year-over-year increase. This growth can be attributed to Roblox’s diverse range of monetization options, including in-game purchases, virtual currency, and premium subscriptions. These options entice users to become paying customers, further contributing to the platform’s revenue growth. - Hours engaged on the platform amounted to a staggering 16.0 billion, showcasing a remarkable 20% year-over-year increase. This increase can be attributed to the popularity of games such as “Adopt Me!”, “Brookhaven”, and “Tower of Hell”, which have been among the most played games on the platform lately. These games offer immersive and interactive experiences that keep users engaged for longer periods. 💰 Liquidity: - Roblox’s net liquidity stood at an impressive $2.1 billion, reflecting the company’s strong financial position and ability to invest in future growth opportunities. Like the launch of a mobile app, strategic partnerships with educational institutions to develop educational content and the introduction of a new developer program called “Roblox Accelerator”. - Adjusted EBITDA reached $81.1 million, highlighting the company’s disciplined financial management and profitability. Showing Roblox’s ability to effectively balance investments in growth with maintaining a healthy financial position. Full Report - https://lnkd.in/eMDuqJE7. #roblox #metaverse #unstoppable

Roblox Inc. shares jumped more than 17% higher in Wednesday’s premarket action after the gaming company saw losses narrow and come in better than what analysts were modeling.The company generated a third-quarter net loss of $277.2 million, or 45 cents a share, compared with a loss of $297.8 million, or 50 cents a share, in the year-earlier period. The FactSet consensus was for a 49-cent loss per share.Roblox “slowed spending growth across most of our major expense categories,” Chief Financial Officer Michael Guthrie said in a release, leading to margin improvement on a sequential and year-over-year basis.Revenue jumped to $713.2 million from $517.7 million, whereas analysts were looking for $700.5 million.The company also reported $839.5 million in bookings, up 20% from a year before and ahead of the FactSet consensus, which was for $824.7 million. Roblox defines bookings as revenue plus the change in deferred revenue during the period, with some other non-cash adjustments. The company notes that bookings overwhelmingly reflect sales of virtual currency.Average bookings per daily active user came in at $11.96, flat with the year-earlier total. The company had an average of 70.2 million daily active users in the third quarter, up 20% from a year prior and above the 69.6 million that analysts were projecting.Reported By Marketwatch

Yesterday Roblox released its Q3 2023 results, which resulted in the price of its shares jumping after beating expectations across the board.. Glancing through all the news feeds what caught my eye were the following: - Revenue was $713.2 million, up 38% y/y - Bookings were $839.5 million, up 20% y/y (The US & Canada continue to dominate as key booking-driver for the company as this region accounts for slightly above 22% of daily active users and over 60% of bookings and sales) - The company reported 70.2 million average daily active users (D.A.U.), up 20% from a year ago - Users spent more than 16 billion hours engaged in Roblox during the second quarter, up 20% year over year - Average bookings per D.A.U. was $11.96, flat year-over-year Although Roblox did not provide any financial guidance for Q4 or the full-year, it has struck an upbeat note on its business. It said that strong bookings growth in western Europe and east Asia drove strong results in Q3 2023 and led to improvement in margins #games #metaverse #kids https://bit.ly/3u0nsos

After Roblox's Q1 financial results fell short of Wall Street expectations, has anything changed for brands and IP owners investing in the platform? Our view is no, at least specifically from these results, even as the landscape is changing for other reasons. In our latest letter Matthew Kanterman, CFA and Yonatan Raz-Fridman dive into the results, why Wall Street was disappointed and how the landscape for brands and IP owners investing in the platform is changing. Check out the full post here https://lnkd.in/gvm6894v and make sure to subscribe to our substack so you don't miss any key updates.

In 2023, Aaron was set to do $40M in FIA business. In 2024, he's set to do a lot more. In just 18 short months, Aaron went from onboarding $10M a year in new assets to $18M per month in new assets. This is what's possible with Clients Blackbox. #financialadvisor #digitalmarketing #facebookads #wealthmanagement #annuity #retirementplanning #meta #metaads #socialmedia

Roblox reported its earnings and 2024 outlook this morning; stock is down -20%😬. The now $20B market capitalization company has grown revenue but not posted postive earnings yet. 📉It's not so much that #Roblox's #gamers are aging out of its target market as it is that growth has slowed as operational costs remain high and other #egames, #meta-worlds, and #AI #technologies challenge it. 🕹Daily active user (DAU) spending on the #game is not growing like it once did; 20% year-over-year expansion is tough to maintain. #business #outlook #investing “Running Point delivers custom investment solutions, family office services, innovations, and unique perspectives to you and your family—we are your family office—you can emphasize your enjoyments, priorities, and legacy.” ~~ Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Past performance is not indicative of future results. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-24-74

Check this out -Unity released its fourth quarter full-year financial earnings for 2023 yesterday, which saw a jump in revenue and decrease in net losses both in its Q4 and FY 2023 results. Despite these results, shares dropped 17% as reported by CNBC. Q4 2023 Read more🔴 Imagine creating 3D assets for your game with just a few clicks. That’s Kaedim. The AI-powered platform that transforms 2D images into 3D models in minutes. 🟢 Get Started Today: Kaedim3d.com or Check out our Showcase: app.kaedim3d.com/showcase #gdc #gdc2024 #a16z #VideoGameIndustry #VideoGameDevelopment #GamingUpdates #BuildingBetterGames #GameDevCommunity

As promised, I will review my 2024 predictions throughout the year, checking in once every 4 months (or every 1/3 of the year) to assess their accuracy, rather than avoiding accountability for what I said at the end of 2023. Monday - First 4 predictions (see screenshot below): 1. Consolidation Prediction accuracy:  5/10; somewhat occurred, but not entirely. The major news revolves around data.ai and Sensor Tower merging to become the largest and arguably most dominant data provider in gaming. Will this lead to a monopoly, potentially posing challenges for those of us in the industry? It's a possibility, but not for now. As for the consolidation of mobile games, significant movements have yet to materialize, but there's ample time for that to change. Embracer Group, however, took the opposite route by splitting into three parts, which contradicts "consolidation" technically. 2. Mergers and Acquisitions  Prediction accuracy: 6/10;developments underway, but major actions are yet to be seen. - Take-Two Interactive are acquiring of Gearbox Entertainment from Embracer, valued at over $400 million.  - Monumental's undisclosed acquisition of Game Circus.  - Voldox undisclosed acquisition of Roblox's Ultimate Football.  - Savvy Games Group openly stating that the Scopely acquisition is the first of many for them. 3. IP-Based Games  Prediction accuracy: 8/10; significant activity, with more expected. - Monopoly Go emerging as the world's biggest game.  - Rollic announcing a Barbie game slated for release by year-end.  - Voodoo introducing a Transformers-themed takeover for one of their games.  - Kwalee launching a Ghostbusters AR game.  - Electronic Arts (EA) revealing that their mobile strategy will focus on IP games. 4. LiveOps and Events  Prediction accuracy: 9/10; current leading games are not necessarily new releases. - Royal Match becoming the fastest game ever to reach $3 billion in revenue, jumping from $2 billion in a short span.  - Monopoly Go doubling its revenue from $1 billion to $2 billion in just three months.  - Launching new games has become increasingly challenging, with the number of new games in the top 20 declining year over year.  - Brawl Stars' monthly revenue skyrocketing from $10 million at the end of 2023 to an impressive $50-60 million in 2024. Overall, the predictions are fairly accurate, but ongoing developments throughout the year will determine their true accuracy. Please feel free to comment if you disagree with any of my points!

In 2023, the mobile gaming market experienced its first decline in over a decade. One way developers can rebound from this slowdown is by applying marginal gains theory. LifeStreet’s CEO, Levi Matkins shares with PocketGamer.biz how small yet impactful changes can be made throughout the entire user acquisition funnel to drive sustainable, long-term growth. 🚀 Learn more by reading the full post here. https://lnkd.in/eh_Xvcxn