It’s time for a fresh quarterly report, and this time it’s coming out of Roblox, which saw its second quarter earnings for 2024 rise across the metrics that ravenous investors care about while the company’s long time CFO Michael Guthrie will be stepping down.
According to the report, revenue rose by 31 percent YoY by $893.5M and bookings rose 22 percent YoY to $955.2M. Daily active user counts and hours played were also up from last year’s numbers. Roblox Corp cites “strong topline growth, fixed cost discipline, and reduced capital expenditures” as reasons for the funny lines going up. “Our strong Q2 growth across all core metrics is driven by diverse and high quality content,” said Roblox CEO David Baszucki.
As for the shuffling at the CFO seat, a replacement for Guthrie has not been named yet, meaning he will remain at his position until someone else is tapped for the job, after which he will step down to pursue personal interests. Guthrie has been working for Roblox Corp as far back as 2018 and is credited with making the company go public in 2021.
