– моментальные уведомления о рынке акций
– моментальные уведомления о рынке акций
Revenue up 39% over prior year up to $537.1 million
Strong year over year growth in Daily Active Users and Hours Engaged, up 28% and 22%, respectively
SAN MATEO, Calif.--(BUSINESS WIRE)--Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its first quarter 2022 financial results today and separately posted a letter to shareholders and supplemental materials on the Roblox investor relations website at ir.roblox.com.
First Quarter 2022 Financial Highlights
April 2022 Key Metric Estimates
"We remained focused on delivering our innovation roadmap to unlock the full potential of the Roblox platform and drive long-term returns for investors," said David Baszucki, chief executive officer of Roblox. "Over the past two quarters, we have launched a number of notable innovations including spatial voice and layered clothing that will continue driving user growth, engagement and monetization."
Earnings Q&A Session
Roblox will host a live Q&A session to answer questions regarding their first quarter 2022 results on Wednesday, May 11, 2022 at 5:30 a.m. Pacific Time. The webcast will be open to the public at ir.roblox.com or by clicking here.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our business, product and investment strategy and growth plans, our expectation of successfully executing such strategies and plans and our expectations for our April financial and operational results. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “continue,” “project,” “plan,” “goals,” “opportunity,” “appeal,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to risks detailed in our filings with the Securities and Exchange Commission (the “SEC”), including in our Annual Report on Form 10-K filed for the fiscal year ended December 31, 2021 and other filings and reports we make with the SEC from time to time. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: our ability to successfully execute our business and growth strategy; the sufficiency of our cash and cash equivalents to meet our liquidity needs; the impact of our senior notes and any future indebtedness on our business, financial condition and results of operations; the demand for our platform in general; our ability to increase our number of new users and revenue generated from users; our ability to retain and expand our user base; the impact on our business of the COVID-19 pandemic restrictions and the easing of those restrictions as vaccinations become more prevalent; the fluctuation of our results of operations and our key business measures on a quarterly basis in future periods, including as a result of changes in our accounting estimates; our ability to successfully develop and deploy new technologies to address the needs of our users; our ability to maintain and enhance our brand and reputation; our ability to hire and retain talent; news or social media coverage about Roblox, including but not limited to coverage that presents, or relies on, inaccurate, misleading, incomplete, or otherwise damaging information; any breach or access to user or third-party data; and our ability to maintain the security and availability of our platform. Additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from our expectations is included in the reports we have filed or will file with the SEC, including our Annual Report Form 10-K for the fiscal year ended December 31, 2021.
The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Past performance is not necessarily indicative of future results.
| ROBLOX CORPORATION | |||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||
| (in thousands, except par values) | |||||||||
| (unaudited) | |||||||||
| As of | |||||||||
| March 31, | December 31, | ||||||||
|
2022 |
|
|
2021 |
|
||||
| Assets | |||||||||
| Current assets: | |||||||||
| Cash and cash equivalents | $ |
3,132,964 |
|
$ |
3,004,300 |
|
|||
| Accounts receivable—net of allowances |
|
179,732 |
|
|
307,349 |
|
|||
| Prepaid expenses and other current assets |
|
43,123 |
|
|
32,091 |
|
|||
| Deferred cost of revenue, current portion |
|
398,194 |
|
|
406,025 |
|
|||
| Total current assets |
|
3,754,013 |
|
|
3,749,765 |
|
|||
| Property and equipment—net |
|
338,879 |
|
|
271,352 |
|
|||
| Operating lease right-of-use assets |
|
286,242 |
|
|
221,285 |
|
|||
| Deferred cost of revenue, long term |
|
159,404 |
|
|
137,524 |
|
|||
| Intangible assets, net |
|
55,854 |
|
|
59,666 |
|
|||
| Goodwill |
|
118,071 |
|
|
118,071 |
|
|||
| Other assets |
|
3,368 |
|
|
2,933 |
|
|||
| Total assets. | $ |
4,715,831 |
|
$ |
4,560,596 |
|
|||
| Liabilities and Stockholders’ Equity | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | $ |
54,295 |
|
$ |
64,395 |
|
|||
| Accrued expenses and other current liabilities |
|
223,323 |
|
|
180,769 |
|
|||
| Developer exchange liability |
|
149,816 |
|
|
163,906 |
|
|||
| Deferred revenue—current portion |
|
1,747,294 |
|
|
1,758,022 |
|
|||
| Total current liabilities |
|
2,174,728 |
|
|
2,167,092 |
|
|||
| Deferred revenue—net of current portion |
|
724,359 |
|
|
616,834 |
|
|||
| Operating lease liabilities |
|
259,841 |
|
|
194,616 |
|
|||
| Long-term debt, net |
|
988,034 |
|
|
987,723 |
|
|||
| Other long-term liabilities |
|
1,408 |
|
|
1,408 |
|
|||
| Total liabilities |
|
4,148,370 |
|
|
3,967,673 |
|
|||
| Commitments and contingencies | |||||||||
| Stockholders' Equity | |||||||||
| Common stock, $0.0001 par value; 5,000,000 and 5,000,000 authorized as of March 31, 2022, and December 31, 2021, respectively, 592,196 and 585,878 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively; Class A common stock—4,935,000 and 4,935,000 shares authorized as of March 31, 2022, and December 31, 2021, respectively, 540,858 and 534,541 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively; Class B common stock—65,000 and 65,000 shares authorized as of March 31, 2022, and December 31, 2021, respectively, 51,337 and 51,337 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively |
|
59 |
|
|
58 |
|
|||
| Additional paid-in capital |
|
1,705,201 |
|
|
1,568,638 |
|
|||
| Accumulated other comprehensive income/(loss) |
|
(30 |
) |
|
62 |
|
|||
| Accumulated deficit |
|
(1,144,143 |
) |
|
(983,941 |
) |
|||
| Total Roblox Corporation stockholders' equity |
|
561,087 |
|
|
584,817 |
|
|||
| Noncontrolling interests |
|
6,374 |
|
|
8,106 |
|
|||
| Total stockholders' equity |
|
567,461 |
|
|
592,923 |
|
|||
| Total liabilities and stockholders' equity | $ |
4,715,831 |
|
$ |
4,560,596 |
|
|||
| ROBLOX CORPORATION | ||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
| (in thousands, except per share amounts) | ||||||||
| (unaudited) | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| Revenue(1) | $ |
537,134 |
|
$ |
386,976 |
|
||
| Cost and expenses: | ||||||||
| Cost of revenue(1)(2) |
|
135,632 |
|
|
97,937 |
|
||
| Developer exchange fees |
|
147,122 |
|
|
118,938 |
|
||
| Infrastructure and trust & safety |
|
141,355 |
|
|
94,136 |
|
||
| Research and development |
|
177,762 |
|
|
96,644 |
|
||
| General and administrative |
|
57,772 |
|
|
94,375 |
|
||
| Sales and marketing |
|
29,102 |
|
|
20,002 |
|
||
| Total cost and expenses |
|
688,745 |
|
|
522,032 |
|
||
| Loss from operations |
|
(151,611 |
) |
|
(135,056 |
) |
||
| Interest income |
|
245 |
|
|
5 |
|
||
| Interest expense |
|
(9,999 |
) |
|
- |
|
||
| Other income/(expense), net |
|
(379 |
) |
|
(1,050 |
) |
||
| Loss before income taxes |
|
(161,744 |
) |
|
(136,101 |
) |
||
| Provision for/(benefit from) income taxes |
|
276 |
|
|
2 |
|
||
| Consolidated net loss |
|
(162,020 |
) |
|
(136,103 |
) |
||
| Net loss attributable to the noncontrolling interest |
|
(1,818 |
) |
|
(1,886 |
) |
||
| Net loss attributable to common stockholders | $ |
(160,202 |
) |
$ |
(134,217 |
) |
||
| Net loss per share attributable to common stockholders, basic and diluted | $ |
(0.27 |
) |
$ |
(0.46 |
) |
||
| Weighted-average shares used in computing net loss per share attributable to common | ||||||||
| stockholders – basic and diluted |
|
588,521 |
|
|
291,074 |
|
||
| (1) In Q1 of 2022 our estimated user life changed from 23 months to 25 months. Based on the carrying amount of deferred revenue and deferred cost of revenue as of December 31, 2021, the change resulted in a decrease in revenue and cost of revenue during the three months ended March 31, 2022, by $82.5 million and $19.6 million, respectively. | ||||||||
| (2) Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety. | ||||||||
| ROBLOX CORPORATION | |||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||
| (in thousands) | |||||||||
| (unaudited) | |||||||||
| Three Months Ended March 31, | |||||||||
|
2022 |
|
|
2021 |
|
||||
| Cash flows from operating activities: | |||||||||
| Consolidated net loss | $ |
(162,020 |
) |
$ |
(136,103 |
) |
|||
| Adjustments to reconcile net loss including noncontrolling interests to net cash provided by operations: | |||||||||
| Depreciation and amortization |
|
24,497 |
|
|
16,620 |
|
|||
| Stock-based compensation expense |
|
112,295 |
|
|
50,744 |
|
|||
| Operating lease non-cash expense |
|
13,997 |
|
|
10,044 |
|
|||
| Other non-cash charges/(credits) |
|
(567 |
) |
|
(52 |
) |
|||
| Amortization of debt issuance costs |
|
311 |
|
|
- |
|
|||
| Changes in operating assets and liabilities, net of effect of acquisitions: | |||||||||
| Accounts receivable |
|
128,183 |
|
|
13,256 |
|
|||
| Accounts payable |
|
(3,768 |
) |
|
(782 |
) |
|||
| Prepaid expenses and other current assets |
|
(10,940 |
) |
|
(10,967 |
) |
|||
| Other assets |
|
(435 |
) |
|
(3,401 |
) |
|||
| Developer exchange liability |
|
(14,090 |
) |
|
3,425 |
|
|||
| Accrued expenses and other current liabilities |
|
(2,066 |
) |
|
16,273 |
|
|||
| Other long-term liability |
|
- |
|
|
304 |
|
|||
| Operating lease liabilities |
|
(11,709 |
) |
|
(2,069 |
) |
|||
| Deferred revenue |
|
96,797 |
|
|
269,439 |
|
|||
| Deferred cost of revenue |
|
(14,049 |
) |
|
(62,262 |
) |
|||
| Net cash provided by operating activities |
|
156,436 |
|
|
164,469 |
|
|||
| Cash flows from investing activities: | |||||||||
| Acquisition of property and equipment |
|
(51,790 |
) |
|
(22,133 |
) |
|||
| Purchases of intangible assets |
|
- |
|
|
(256 |
) |
|||
| Net cash used in investing activities |
|
(51,790 |
) |
|
(22,389 |
) |
|||
| Cash flows from financing activities: | |||||||||
| Proceeds from issuance of common stock |
|
24,328 |
|
|
30,221 |
|
|||
| Payment of withholding taxes related to net share settlement of restricted stock units |
|
(150 |
) |
|
- |
|
|||
| Net proceeds from issuance of preferred stock |
|
- |
|
|
534,286 |
|
|||
| Payment of debt issuance cost |
|
(154 |
) |
|
- |
|
|||
| Net cash provided by financing activities |
|
24,024 |
|
|
564,507 |
|
|||
| Effect of exchange rate changes on cash and cash equivalents |
|
(6 |
) |
|
- |
|
|||
| Net increase in cash and cash equivalents |
|
128,664 |
|
|
706,587 |
|
|||
| Cash and cash equivalents | |||||||||
| Beginning of period |
|
3,004,300 |
|
|
893,943 |
|
|||
| End of period | $ |
3,132,964 |
|
$ |
1,600,530 |
|
|||
| Supplemental disclosure of cash flow information: | |||||||||
| Cash paid for interest |
|
- |
|
|
- |
|
|||
| Cash paid for income taxes |
|
- |
|
|
- |
|
|||
| Supplemental disclosure of noncash investing and financing activities: | |||||||||
| Property and equipment additions in accounts payable and accrued expenses | $ |
86,813 |
|
$ |
9,476 |
|
|||
| Conversion of convertible preferred stock to common stock upon direct listing |
|
- |
|
|
879,113 |
|
|||
Use of Non-GAAP Financial Measures
This press release and the accompanying tables contain the non-GAAP financial measures bookings, free cash flow, and Adjusted EBITDA.
We use this non-GAAP financial information to evaluate our ongoing operations, for internal planning and forecasting purposes, and ongoing operating trends for purposes of analyzing the covenants specified in the indenture governing our senior notes due 2030. We believe that this non-GAAP financial information may be helpful to investors because it provides consistency and comparability with past financial performance.
Bookings is defined as revenue plus the change in deferred revenue during the period and other non-cash adjustments. Bookings is equal to the amount of virtual currency purchased by users in a given period of measurement. We believe bookings provide a timelier indication of trends in our operating results that are not necessarily reflected in our revenue as a result of the fact that we recognize the majority of revenue over the estimated average lifetime of a paying user. The change in deferred revenue constitutes the vast majority of the reconciling difference from revenue to bookings. By removing these non-cash adjustments, we are able to measure and monitor our business performance based on the timing of actual transactions with our users and the cash that is generated from these transactions. Free cash flow represents the net cash provided by operating activities less purchases of property, equipment, and intangible assets. We believe that free cash flow is a useful indicator of our unit economics and liquidity that provides information to management and investors about the amount of cash generated from our core operations that, after the purchases of property, equipment, and intangible assets, can be used for strategic initiatives, including investing in our business, making strategic acquisitions, and strengthening our balance sheet. Adjusted EBITDA is a measure of operating performance used in certain covenant calculations specified in the indenture governing our senior notes due 2030 that is not calculated in accordance with GAAP and may not conform to the calculation of EBITDA in other circumstances. Adjusted EBITDA should not be considered as a substitute for net loss as determined in accordance with GAAP. We believe that, when considered together with reported amounts, Adjusted EBITDA is useful to investors and management in understanding our ongoing operations and ongoing operating trends for purposes of analyzing the covenants specified in the indenture governing our senior notes due 2030.
Non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial information as a tool for comparison. As a result, our non-GAAP financial information is presented for supplemental informational purposes only and should not be considered in isolation from, or as a substitute for financial information presented in accordance with GAAP.
A reconciliation table of the most comparable GAAP financial measure to each non-GAAP financial measure used in this press release is included at the end of this release. We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measure.
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Bookings | $ |
631,206 |
|
$ |
652,277 |
|
||
| The following table presents a reconciliation of revenue, the most directly comparable financial measure calculated in accordance with GAAP, to bookings, for each of the periods presented: | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Reconciliation of revenue to bookings: | ||||||||
| Revenue | $ |
537,134 |
|
$ |
386,976 |
|
||
| Add (deduct): | ||||||||
| Change in deferred revenue |
|
96,797 |
|
|
269,439 |
|
||
| Other |
|
(2,725 |
) |
|
(4,138 |
) |
||
| Bookings | $ |
631,206 |
|
$ |
652,277 |
|
||
|
Three Months Ended March 31, | |||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Free cash flow | $ |
104,646 |
|
$ |
142,080 |
|
||
| The following table presents a reconciliation of net cash from operating activities, the most directly comparable financial measure calculated in accordance with GAAP, to free cash flow, for each of the periods presented: | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Reconciliation of net cash from operating activities to free cash flow: | ||||||||
| Net cash provided by operating activities | $ |
156,436 |
|
$ |
164,469 |
|
||
| Add (deduct): | ||||||||
| Acquisition of property and equipment |
|
(51,790 |
) |
|
(22,133 |
) |
||
| Purchases of intangible assets |
|
- |
|
|
(256 |
) |
||
| Free cash flow | $ |
104,646 |
|
$ |
142,080 |
|
||
| Acquisition of property and equipment primarily includes servers, infrastructure equipment and tenant improvements. | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Adjusted EBITDA | $ |
67,929 |
|
$ |
190,174 |
|
||
| The following table presents a reconciliation of consolidated net loss, the most directly comparable financial measure calculated in accordance with GAAP, to adjusted EBITDA, for each of the periods presented: | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| Reconciliation of consolidated net loss to adjusted EBITDA: | (dollars in thousands) | |||||||
| Consolidated net loss | $ |
(162,020 |
) |
$ |
(136,103 |
) |
||
| Add (deduct): | ||||||||
| Interest income |
|
(245 |
) |
|
(5 |
) |
||
| Interest expense |
|
9,999 |
|
|
- |
|
||
| Other income/(expense), net |
|
379 |
|
|
1,050 |
|
||
| Provision for/(benefit from) income taxes |
|
276 |
|
|
2 |
|
||
| Depreciation and amortization |
|
24,497 |
|
|
16,620 |
|
||
| Stock-based compensation expense |
|
112,295 |
|
|
50,744 |
|
||
| Change in deferred revenue |
|
96,797 |
|
|
269,439 |
|
||
| Change in deferred cost of revenue |
|
(14,049 |
) |
|
(62,262 |
) |
||
| Fees related to equity offering |
|
- |
|
|
50,689 |
|
||
| Adjusted EBITDA | $ |
67,929 |
|
$ |
190,174 |
|
||
Roblox’s mission is to connect a billion people with optimism and civility. Every day, tens of millions of people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of millions of creators. We believe in building a safe, civil, and diverse community—one that inspires and fosters creativity and positive relationships between people around the world. For more information, please visit corp.roblox.com.
ROBLOX and the Roblox logo are among the registered and unregistered trademarks of Roblox Corporation in the United States and other countries. © 2022 Roblox Corporation. All rights reserved.
Source: Roblox Corporation
Выручка выросла на 39% по сравнению с предыдущим годом и составила $537,1 млн.
Значительный рост в годовом исчислении ежедневных активных пользователей и Часов работы, увеличившись на 28% и 22% соответственно
САН-МАТЕО, Калифорния. -- (BUSINESS WIRE)-- Roblox Corporation (NYSE: RBLX), глобальная платформа, объединяющая миллионы людей посредством обмена опытом, опубликовала сегодня финансовые результаты за первый квартал 2022 года и отдельно разместила письмо акционерам и дополнительные материалы на веб-сайте Roblox по связям с инвесторами по адресу ir.roblox.com .
Основные финансовые показатели Первого квартала 2022 года
Оценки ключевых показателей На Апрель 2022 года
"Мы по-прежнему сосредоточены на реализации нашей инновационной дорожной карты, чтобы раскрыть весь потенциал платформы Roblox и обеспечить долгосрочную прибыль для инвесторов", - сказал Дэвид Басзуки, главный исполнительный директор Roblox. "За последние два квартала мы запустили ряд заметных инноваций, включая пространственный голос и многослойную одежду, которые будут продолжать стимулировать рост пользователей, вовлеченность и монетизацию".
Сессия вопросов и ответов о доходах
Roblox проведет прямую сессию вопросов и ответов, чтобы ответить на вопросы, касающиеся их результатов за первый квартал 2022 года, в среду, 11 мая 2022 года, в 5:30 утра по тихоокеанскому времени. Веб-трансляция будет открыта для публики по адресу ir.roblox.com или нажав здесь.
Прогнозные заявления
Этот пресс-релиз содержит “заявления о перспективах” по смыслу положений “безопасной гавани” Закона о реформе судебных разбирательств по частным ценным бумагам 1995 года, включая, но не ограничиваясь, заявлениями относительно нашей бизнес-, продуктовой и инвестиционной стратегии и планов роста, наших ожиданий успешной реализации таких стратегий и планов, а также наших ожидания относительно наших финансовых и операционных результатов за апрель. Эти прогнозные заявления сделаны на дату их первого опубликования и основаны на текущих ожиданиях, оценках, прогнозах и прогнозах, а также на убеждениях и предположениях руководства. Такие слова, как “ожидать”, “предвидеть”, “следует”, “верить”, “надеяться”, “цель”, “продолжать”, “проект”, “план”, “цели”, “возможность”, “призыв”, “оценка”, “потенциал”, “предсказывать”, “может”, “будет”, “может”, “может”, “намеревается”, “должен”, а также варианты этих терминов или отрицательные значения этих терминов и аналогичных выражений предназначены для идентификации этих прогнозных заявлений. Прогнозные заявления подвержены ряду рисков и неопределенностей, многие из которых связаны с факторами или обстоятельствами, которые находятся вне нашего контроля. Наши фактические результаты могут существенно отличаться от заявленных или подразумеваемых в прогнозных заявлениях из-за ряда факторов, включая, но не ограничиваясь рисками, подробно описанными в наших заявках в Комиссию по ценным бумагам и биржам (“SEC”), в том числе в нашем Годовом отчете по форме 10-K, поданном на финансовый год, закончившийся 31 декабря 2021 года, и другие заявки и отчеты, которые мы время от времени направляем в SEC. В частности, следующие факторы, в частности, может привести к результатам, существенно отличающимся от тех, выраженных или подразумеваемых в таких заявлениях прогнозного характера: нам возможность успешно реализовывать наши бизнес-и стратегия роста; достаточность наш денежных средств и их эквивалентов для удовлетворения наших потребностей в ликвидности; влияние старшего ноты и любую будущую задолженность на наш бизнес, финансовое состояние и результаты деятельности; спрос на нашу платформу в целом; способность к увеличению числа новых пользователей и доходы, полученные от пользователей; наши возможности по удержанию и расширению нашей клиентской базы; влияние на наш бизнес на COVID-19 пандемией ограничения и ослабления этих ограничений, как прививки стали более распространены; колебание на результаты нашей деятельности и наших ключевых бизнес-показателей на ежеквартальной основе в последующих периодах, в том числе в результате изменений в бухгалтерских оценках; нашу способность успешно разрабатывать и внедрять новые технологии для удовлетворения потребностей наших пользователей; нам возможность поддерживать и укреплять наш бренд и репутацию; наша способность нанимать и удерживать талантливых работников; новости или социального СМИ о Roblox, включая, но не ограничиваясь покрытия, которая представлена, или использует, неточной, недостоверной, неполной или иначе травмирующей информации; нарушение или доступ пользователей или третьих лиц сведения; и нашей способности обеспечить безопасность и доступность нашей платформы. Дополнительная информация об этих и других рисках и неопределенностях, которые могут привести к существенному отличию фактических результатов от наших ожиданий, включена в отчеты, которые мы подали или подадим в SEC, включая нашу Форму Годового отчета 10-K за финансовый год, закончившийся 31 декабря 2021 года.
Прогнозные заявления, включенные в этот пресс-релиз, отражают наши взгляды на дату настоящего пресс-релиза. Мы ожидаем, что последующие события и события заставят наши взгляды измениться. Мы не берем на себя никаких намерений или обязательств обновлять или пересматривать какие-либо прогнозные заявления, будь то в результате новой информации, будущих событий или иным образом. На эти прогнозные заявления не следует полагаться как на отражение наших взглядов на любую дату, последующую за датой настоящего пресс-релиза. Прошлые результаты не обязательно указывают на будущие результаты.
| ROBLOX CORPORATION | |||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||
| (in thousands, except par values) | |||||||||
| (unaudited) | |||||||||
| As of | |||||||||
| March 31, | December 31, | ||||||||
|
2022 |
|
|
2021 |
|
||||
| Assets | |||||||||
| Current assets: | |||||||||
| Cash and cash equivalents | $ |
3,132,964 |
|
$ |
3,004,300 |
|
|||
| Accounts receivable—net of allowances |
|
179,732 |
|
|
307,349 |
|
|||
| Prepaid expenses and other current assets |
|
43,123 |
|
|
32,091 |
|
|||
| Deferred cost of revenue, current portion |
|
398,194 |
|
|
406,025 |
|
|||
| Total current assets |
|
3,754,013 |
|
|
3,749,765 |
|
|||
| Property and equipment—net |
|
338,879 |
|
|
271,352 |
|
|||
| Operating lease right-of-use assets |
|
286,242 |
|
|
221,285 |
|
|||
| Deferred cost of revenue, long term |
|
159,404 |
|
|
137,524 |
|
|||
| Intangible assets, net |
|
55,854 |
|
|
59,666 |
|
|||
| Goodwill |
|
118,071 |
|
|
118,071 |
|
|||
| Other assets |
|
3,368 |
|
|
2,933 |
|
|||
| Total assets. | $ |
4,715,831 |
|
$ |
4,560,596 |
|
|||
| Liabilities and Stockholders’ Equity | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | $ |
54,295 |
|
$ |
64,395 |
|
|||
| Accrued expenses and other current liabilities |
|
223,323 |
|
|
180,769 |
|
|||
| Developer exchange liability |
|
149,816 |
|
|
163,906 |
|
|||
| Deferred revenue—current portion |
|
1,747,294 |
|
|
1,758,022 |
|
|||
| Total current liabilities |
|
2,174,728 |
|
|
2,167,092 |
|
|||
| Deferred revenue—net of current portion |
|
724,359 |
|
|
616,834 |
|
|||
| Operating lease liabilities |
|
259,841 |
|
|
194,616 |
|
|||
| Long-term debt, net |
|
988,034 |
|
|
987,723 |
|
|||
| Other long-term liabilities |
|
1,408 |
|
|
1,408 |
|
|||
| Total liabilities |
|
4,148,370 |
|
|
3,967,673 |
|
|||
| Commitments and contingencies | |||||||||
| Stockholders' Equity | |||||||||
| Common stock, $0.0001 par value; 5,000,000 and 5,000,000 authorized as of March 31, 2022, and December 31, 2021, respectively, 592,196 and 585,878 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively; Class A common stock—4,935,000 and 4,935,000 shares authorized as of March 31, 2022, and December 31, 2021, respectively, 540,858 and 534,541 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively; Class B common stock—65,000 and 65,000 shares authorized as of March 31, 2022, and December 31, 2021, respectively, 51,337 and 51,337 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively |
|
59 |
|
|
58 |
|
|||
| Additional paid-in capital |
|
1,705,201 |
|
|
1,568,638 |
|
|||
| Accumulated other comprehensive income/(loss) |
|
(30 |
) |
|
62 |
|
|||
| Accumulated deficit |
|
(1,144,143 |
) |
|
(983,941 |
) |
|||
| Total Roblox Corporation stockholders' equity |
|
561,087 |
|
|
584,817 |
|
|||
| Noncontrolling interests |
|
6,374 |
|
|
8,106 |
|
|||
| Total stockholders' equity |
|
567,461 |
|
|
592,923 |
|
|||
| Total liabilities and stockholders' equity | $ |
4,715,831 |
|
$ |
4,560,596 |
|
|||
| ROBLOX CORPORATION | ||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
| (in thousands, except per share amounts) | ||||||||
| (unaudited) | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| Revenue(1) | $ |
537,134 |
|
$ |
386,976 |
|
||
| Cost and expenses: | ||||||||
| Cost of revenue(1)(2) |
|
135,632 |
|
|
97,937 |
|
||
| Developer exchange fees |
|
147,122 |
|
|
118,938 |
|
||
| Infrastructure and trust & safety |
|
141,355 |
|
|
94,136 |
|
||
| Research and development |
|
177,762 |
|
|
96,644 |
|
||
| General and administrative |
|
57,772 |
|
|
94,375 |
|
||
| Sales and marketing |
|
29,102 |
|
|
20,002 |
|
||
| Total cost and expenses |
|
688,745 |
|
|
522,032 |
|
||
| Loss from operations |
|
(151,611 |
) |
|
(135,056 |
) |
||
| Interest income |
|
245 |
|
|
5 |
|
||
| Interest expense |
|
(9,999 |
) |
|
- |
|
||
| Other income/(expense), net |
|
(379 |
) |
|
(1,050 |
) |
||
| Loss before income taxes |
|
(161,744 |
) |
|
(136,101 |
) |
||
| Provision for/(benefit from) income taxes |
|
276 |
|
|
2 |
|
||
| Consolidated net loss |
|
(162,020 |
) |
|
(136,103 |
) |
||
| Net loss attributable to the noncontrolling interest |
|
(1,818 |
) |
|
(1,886 |
) |
||
| Net loss attributable to common stockholders | $ |
(160,202 |
) |
$ |
(134,217 |
) |
||
| Net loss per share attributable to common stockholders, basic and diluted | $ |
(0.27 |
) |
$ |
(0.46 |
) |
||
| Weighted-average shares used in computing net loss per share attributable to common | ||||||||
| stockholders – basic and diluted |
|
588,521 |
|
|
291,074 |
|
||
| (1) In Q1 of 2022 our estimated user life changed from 23 months to 25 months. Based on the carrying amount of deferred revenue and deferred cost of revenue as of December 31, 2021, the change resulted in a decrease in revenue and cost of revenue during the three months ended March 31, 2022, by $82.5 million and $19.6 million, respectively. | ||||||||
| (2) Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety. | ||||||||
| ROBLOX CORPORATION | |||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||
| (in thousands) | |||||||||
| (unaudited) | |||||||||
| Three Months Ended March 31, | |||||||||
|
2022 |
|
|
2021 |
|
||||
| Cash flows from operating activities: | |||||||||
| Consolidated net loss | $ |
(162,020 |
) |
$ |
(136,103 |
) |
|||
| Adjustments to reconcile net loss including noncontrolling interests to net cash provided by operations: | |||||||||
| Depreciation and amortization |
|
24,497 |
|
|
16,620 |
|
|||
| Stock-based compensation expense |
|
112,295 |
|
|
50,744 |
|
|||
| Operating lease non-cash expense |
|
13,997 |
|
|
10,044 |
|
|||
| Other non-cash charges/(credits) |
|
(567 |
) |
|
(52 |
) |
|||
| Amortization of debt issuance costs |
|
311 |
|
|
- |
|
|||
| Changes in operating assets and liabilities, net of effect of acquisitions: | |||||||||
| Accounts receivable |
|
128,183 |
|
|
13,256 |
|
|||
| Accounts payable |
|
(3,768 |
) |
|
(782 |
) |
|||
| Prepaid expenses and other current assets |
|
(10,940 |
) |
|
(10,967 |
) |
|||
| Other assets |
|
(435 |
) |
|
(3,401 |
) |
|||
| Developer exchange liability |
|
(14,090 |
) |
|
3,425 |
|
|||
| Accrued expenses and other current liabilities |
|
(2,066 |
) |
|
16,273 |
|
|||
| Other long-term liability |
|
- |
|
|
304 |
|
|||
| Operating lease liabilities |
|
(11,709 |
) |
|
(2,069 |
) |
|||
| Deferred revenue |
|
96,797 |
|
|
269,439 |
|
|||
| Deferred cost of revenue |
|
(14,049 |
) |
|
(62,262 |
) |
|||
| Net cash provided by operating activities |
|
156,436 |
|
|
164,469 |
|
|||
| Cash flows from investing activities: | |||||||||
| Acquisition of property and equipment |
|
(51,790 |
) |
|
(22,133 |
) |
|||
| Purchases of intangible assets |
|
- |
|
|
(256 |
) |
|||
| Net cash used in investing activities |
|
(51,790 |
) |
|
(22,389 |
) |
|||
| Cash flows from financing activities: | |||||||||
| Proceeds from issuance of common stock |
|
24,328 |
|
|
30,221 |
|
|||
| Payment of withholding taxes related to net share settlement of restricted stock units |
|
(150 |
) |
|
- |
|
|||
| Net proceeds from issuance of preferred stock |
|
- |
|
|
534,286 |
|
|||
| Payment of debt issuance cost |
|
(154 |
) |
|
- |
|
|||
| Net cash provided by financing activities |
|
24,024 |
|
|
564,507 |
|
|||
| Effect of exchange rate changes on cash and cash equivalents |
|
(6 |
) |
|
- |
|
|||
| Net increase in cash and cash equivalents |
|
128,664 |
|
|
706,587 |
|
|||
| Cash and cash equivalents | |||||||||
| Beginning of period |
|
3,004,300 |
|
|
893,943 |
|
|||
| End of period | $ |
3,132,964 |
|
$ |
1,600,530 |
|
|||
| Supplemental disclosure of cash flow information: | |||||||||
| Cash paid for interest |
|
- |
|
|
- |
|
|||
| Cash paid for income taxes |
|
- |
|
|
- |
|
|||
| Supplemental disclosure of noncash investing and financing activities: | |||||||||
| Property and equipment additions in accounts payable and accrued expenses | $ |
86,813 |
|
$ |
9,476 |
|
|||
| Conversion of convertible preferred stock to common stock upon direct listing |
|
- |
|
|
879,113 |
|
|||
Использование финансовых показателей, не относящихся к ОПБУ
Этот пресс-релиз и прилагаемые к нему таблицы содержат финансовые показатели, не относящиеся к GAAP, заказы, свободный денежный поток и скорректированный показатель EBITDA.
Мы используем эту финансовую информацию, не относящуюся к GAAP, для оценки нашей текущей деятельности, для целей внутреннего планирования и прогнозирования, а также для анализа текущих операционных тенденций в целях анализа условий, указанных в договоре, регулирующем наши выпускные примечания к 2030 году. Мы считаем, что эта финансовая информация, не относящаяся к GAAP, может быть полезна инвесторам, поскольку она обеспечивает согласованность и сопоставимость с прошлыми финансовыми показателями.
Резервирования определяются как выручка плюс изменение отложенной выручки в течение периода и другие неденежные корректировки. Количество бронирований равно количеству виртуальной валюты, приобретенной пользователями за данный период измерения. Мы считаем, что заказы дают более своевременное представление о тенденциях в наших операционных результатах, которые не обязательно отражаются на наших доходах в результате того факта, что мы признаем большую часть дохода в течение предполагаемого среднего срока службы платящего пользователя. Изменение отложенной выручки составляет подавляющую часть выверенной разницы между выручкой и бронированиями. Устраняя эти неденежные корректировки, мы можем измерять и отслеживать эффективность нашего бизнеса на основе сроков фактических транзакций с нашими пользователями и денежных средств, полученных в результате этих транзакций. Свободный денежный поток представляет собой чистые денежные средства, полученные от операционной деятельности, за вычетом приобретения основных средств и нематериальных активов. Мы считаем, что свободный денежный поток является полезным показателем экономики и ликвидности нашего подразделения, который предоставляет руководству и инвесторам информацию о сумме денежных средств, полученных от нашей основной деятельности, которые после приобретения имущества, оборудования и нематериальных активов могут быть использованы для стратегических инициатив, включая инвестиции в наш бизнес, делаем стратегические приобретения и укрепляем наш баланс. Скорректированный показатель EBITDA - это показатель операционной эффективности, используемый в определенных расчетах по соглашению, указанных в соглашении, регулирующем наши примечания к выпуску до 2030 года, который не рассчитывается в соответствии с GAAP и может не соответствовать расчету EBITDA при других обстоятельствах. Скорректированный показатель EBITDA не следует рассматривать в качестве замены чистого убытка, определенного в соответствии с GAAP. Мы считаем, что скорректированный показатель EBITDA, рассматриваемый вместе с отчетными суммами, полезен инвесторам и руководству для понимания нашей текущей деятельности и текущих операционных тенденций в целях анализа условий, указанных в соглашении, регулирующем наши выпускные записки до 2030 года.
Финансовые показатели, не относящиеся к GAAP, имеют ограничения в своей полезности для инвесторов, поскольку они не имеют стандартизированного значения, предписанного GAAP, и не подготовлены в соответствии с каким-либо всеобъемлющим набором правил или принципов бухгалтерского учета. Кроме того, другие компании, в том числе компании в нашей отрасли, могут по-разному рассчитывать финансовые показатели, не относящиеся к GAAP, с аналогичным названием, или могут использовать другие показатели для оценки своей деятельности, что может снизить полезность нашей финансовой информации, не относящейся к GAAP, в качестве инструмента для сравнения. В результате наша финансовая информация, не относящаяся к GAAP, представлена только в дополнительных информационных целях и не должна рассматриваться отдельно или в качестве замены финансовой информации, представленной в соответствии с GAAP.
Таблица сверки наиболее сопоставимых финансовых показателей GAAP с каждым финансовым показателем, не относящимся к GAAP, используемым в этом пресс-релизе, включена в конце этого выпуска. Мы призываем инвесторов и других лиц анализировать наш бизнес, результаты операций и финансовую информацию во всей их полноте, не полагаться на какой-либо отдельный финансовый показатель и рассматривать эти показатели, не относящиеся к GAAP, в сочетании с наиболее непосредственно сопоставимыми финансовыми показателями GAAP.
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Bookings | $ |
631,206 |
|
$ |
652,277 |
|
||
| The following table presents a reconciliation of revenue, the most directly comparable financial measure calculated in accordance with GAAP, to bookings, for each of the periods presented: | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Reconciliation of revenue to bookings: | ||||||||
| Revenue | $ |
537,134 |
|
$ |
386,976 |
|
||
| Add (deduct): | ||||||||
| Change in deferred revenue |
|
96,797 |
|
|
269,439 |
|
||
| Other |
|
(2,725 |
) |
|
(4,138 |
) |
||
| Bookings | $ |
631,206 |
|
$ |
652,277 |
|
||
|
Three Months Ended March 31, | |||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Free cash flow | $ |
104,646 |
|
$ |
142,080 |
|
||
| The following table presents a reconciliation of net cash from operating activities, the most directly comparable financial measure calculated in accordance with GAAP, to free cash flow, for each of the periods presented: | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Reconciliation of net cash from operating activities to free cash flow: | ||||||||
| Net cash provided by operating activities | $ |
156,436 |
|
$ |
164,469 |
|
||
| Add (deduct): | ||||||||
| Acquisition of property and equipment |
|
(51,790 |
) |
|
(22,133 |
) |
||
| Purchases of intangible assets |
|
- |
|
|
(256 |
) |
||
| Free cash flow | $ |
104,646 |
|
$ |
142,080 |
|
||
| Acquisition of property and equipment primarily includes servers, infrastructure equipment and tenant improvements. | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| (dollars in thousands) | ||||||||
| Adjusted EBITDA | $ |
67,929 |
|
$ |
190,174 |
|
||
| The following table presents a reconciliation of consolidated net loss, the most directly comparable financial measure calculated in accordance with GAAP, to adjusted EBITDA, for each of the periods presented: | ||||||||
| Three Months Ended March 31, | ||||||||
|
2022 |
|
|
2021 |
|
|||
| Reconciliation of consolidated net loss to adjusted EBITDA: | (dollars in thousands) | |||||||
| Consolidated net loss | $ |
(162,020 |
) |
$ |
(136,103 |
) |
||
| Add (deduct): | ||||||||
| Interest income |
|
(245 |
) |
|
(5 |
) |
||
| Interest expense |
|
9,999 |
|
|
- |
|
||
| Other income/(expense), net |
|
379 |
|
|
1,050 |
|
||
| Provision for/(benefit from) income taxes |
|
276 |
|
|
2 |
|
||
| Depreciation and amortization |
|
24,497 |
|
|
16,620 |
|
||
| Stock-based compensation expense |
|
112,295 |
|
|
50,744 |
|
||
| Change in deferred revenue |
|
96,797 |
|
|
269,439 |
|
||
| Change in deferred cost of revenue |
|
(14,049 |
) |
|
(62,262 |
) |
||
| Fees related to equity offering |
|
- |
|
|
50,689 |
|
||
| Adjusted EBITDA | $ |
67,929 |
|
$ |
190,174 |
|
||
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Источник: Roblox Corporation
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