RBLX Roblox (RBLX) Q4 FY25 earnings call
Roblox delivered a spectacular Q4 FY25, significantly exceeding its bookings guidance driven by strong user engagement and rapid growth in older demographics. The company is aggressively investing in AI innovation, platform infrastructure, and safety features to expand genres and user experiences. While 2026 margins face near-term pressure from these investments and increased developer payouts, management remains confident in long-term growth and margin expansion, shifting to quarterly guidance for 2027 to better reflect business dynamics.
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RBLX operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Daily active users (DAU) | — | 97.8MQ1 DAUs, 97.8 million, just shy of 100 million DAUs, up 26% year-on-year.Source: earnings call transcript | 111.8MOur Q2 DAUs were 111.8 million, up 41% year-on-year.Source: earnings call transcript | 151.5MIn Q3, our DAUs hit 151.5 million.Source: earnings call transcript | — | 132MWe also saw year-over-year user and engagement growth, DAUs of 132 million, up 35% year-over-year and DAUs outside of the US and Canada grew 40%.Source: earnings call transcript | 123MWe finished the quarter with 123 million DAUs, up 10% year-over-year, and hours grew 5% to 29 billion.Source: earnings call transcript | -6.8% |
| Daily active users over 13 share | 61%+Also highlighting, as we continue to expand the range of the ages on our platform, over 61% of our total DAUs are over 13, and over 13 saw 26% year-on-year growth.Source: earnings call transcript | 62%And now our DAUs are at 62% over 13.Source: earnings call transcript | 64%+Over 64% of our DAUs total are now over 13.Source: earnings call transcript | — | — | — | — | — |
| Hours of engagement | 18.7BHours, 18.7 billion hours of engagement in Q4, up 21% year-on-year; similar, plus 50% in India and Japan.Source: earnings call transcript | 21.7BOn hours, we hit 21.7 billion hours in Q1.Source: earnings call transcript | 27.4BOn hours engaged in Q2, we had 27.4 billion hours, up 58% year-on-year.Source: earnings call transcript | 39.6BHours had similar strength, hitting 39.6 billion hours of engagement in Q3.Source: earnings call transcript | — | 31BDAUs in Japan grew 96% year-on-year in Q1 and DAUs in India grew 84% Hours Engaged were at 31 billion, up 43% year-over-year.Source: earnings call transcript | 29BWe finished the quarter with 123 million DAUs, up 10% year-over-year, and hours grew 5% to 29 billion.Source: earnings call transcript | -6.5% |
| Developer Exchange fees shared | $280MWe shared over $922 million with the developer community in 2024; and in Q4, we shared $280 million through DevEx, which is up 27% year-on-year.Source: earnings call transcript | $281MDevEx was up 39% year-on-year in Q1 at $281 million.Source: earnings call transcript | $316.4MIn Q2, DevEx was $316.4 million.Source: earnings call transcript | $427.9MAnd in Q3 through DevEx, we hit $427.9 million of DevEx, up 85%, a new record.Source: earnings call transcript | $477MAnd in Q4, DevEx was at $477 million, which was up 77 -- or 7-0% year-on-year.Source: earnings call transcript | — | — | +11.5% |
| Monthly unique payers | — | — | 23.4MMonthly unique payers in Q2 were 23.4 million, up 42%.Source: earnings call transcript | 35.8MOur monthly unique payers continues to be strong at 35.8 million, up 88% year-on-year.Source: earnings call transcript | <37MQuarterly -- monthly unique payers were nearly 37 million, which is close to a double from a year ago and up sequentially.Source: earnings call transcript | 31MMonthly unique payers increased to 31 million, up 52% compared to a year ago.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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