Roblox (RBLX) 10-Q10 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2023	May 01, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-39763
Entity Registrant Name	Roblox Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0991664
Entity Address, Address Line One	970 Park Place
Entity Address, City or Town	San Mateo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94403
City Area Code	888
Local Phone Number	858-2569
Title of 12(b) Security	Class A Common Stock, $0.0001 par value
Trading Symbol	RBLX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001315098
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		560,594,600
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		50,086,273

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 828,129	$ 2,977,474
Short-term investments	1,412,862	0
Accounts receivable—net of allowances	265,246	379,353
Prepaid expenses and other current assets	76,307	61,641
Deferred cost of revenue, current portion	435,528	420,136
Total current assets	3,018,072	3,838,604
Long-term investments	850,929	0
Property and equipment—net	688,341	592,346
Operating lease right-of-use assets	492,686	526,030
Deferred cost of revenue, long-term	229,877	225,132
Intangible assets, net	50,739	54,717
Goodwill	134,335	134,335
Other assets	6,481	4,323
Total assets	5,471,460	5,375,487
Current liabilities:
Accounts payable	120,256	71,182
Accrued expenses and other current liabilities	247,949	236,006
Developer exchange liability	227,839	231,704
Deferred revenue—current portion	2,037,696	1,941,943
Total current liabilities	2,633,740	2,480,835
Deferred revenue—net of current portion	1,123,321	1,095,291
Operating lease liabilities	467,187	494,590
Long-term debt, net	989,308	988,984
Other long-term liabilities	12,722	10,752
Total liabilities	5,226,278	5,070,452
Commitments and contingencies (Note 10)
Stockholders’ equity
Common stock issued, value	60	59
Additional paid-in capital	2,424,340	2,213,603
Accumulated other comprehensive income	62	671
Accumulated deficit	(2,176,620)	(1,908,307)
Total Roblox Corporation Stockholders’ equity	247,842	306,026
Noncontrolling interests	(2,660)	(991)
Total Stockholders’ equity	245,182	305,035
Total Liabilities and Stockholders’ equity	$ 5,471,460	$ 5,375,487

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	5,000,000,000	5,000,000,000
Common stock, shares issued (in shares)	610,487,000	604,674,000
Common stock, shares outstanding (in shares)	610,487,000	604,674,000
Common Class A
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	4,935,000,000	4,935,000,000
Common stock, shares issued (in shares)	560,401,000	553,337,000
Common stock, shares outstanding (in shares)	560,401,000	553,337,000
Common Class B
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	65,000,000	65,000,000
Common stock, shares issued (in shares)	50,086,000	51,337,000
Common stock, shares outstanding (in shares)	50,086,000	51,337,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenue		$ 655,344	$ 537,134
Cost and expenses:
Cost of revenue	[1]	151,841	135,632
Developer exchange fees		182,440	147,122
Infrastructure and trust & safety		211,044	141,355
Research and development		275,537	177,762
General and administrative		97,574	57,772
Sales and marketing		26,755	29,102
Total cost and expenses		945,191	688,745
Loss from operations		(289,847)	(151,611)
Interest income		31,082	245
Interest expense		(10,012)	(9,999)
Other income/(expense), net		(440)	(379)
Loss before income taxes		(269,217)	(161,744)
Provision for/(benefit from) income taxes		731	276
Consolidated net loss		(269,948)	(162,020)
Net loss attributable to noncontrolling interests		(1,635)	(1,818)
Net loss attributable to common stockholders		$ (268,313)	$ (160,202)
Net loss per share attributable to common stockholders, basic (in dollars per share)		$ (0.44)	$ (0.27)
Net loss per share attributable to common stockholders, diluted (in dollars per share)		$ (0.44)	$ (0.27)
Weighted-average shares used in computing net loss per share attributable to common stockholders—basic (in shares)		606,637	588,521
Weighted-average shares used in computing net loss per share attributable to common stockholders—diluted (in shares)		606,637	588,521

[1]Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income/(Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Consolidated net loss	$ (269,948)	$ (162,020)
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments	(68)	(6)
Net change in unrealized gains (losses) on available-for-sale marketable securities	(575)	0
Other comprehensive income/(loss), net of tax	(643)	(6)
Total comprehensive loss, including noncontrolling interests	(270,591)	(162,026)
Less: net loss attributable to noncontrolling interests	(1,635)	(1,818)
Less: cumulative translation adjustments attributable to noncontrolling interests	(34)	86
Other comprehensive loss attributable to noncontrolling interests, net of tax	(1,669)	(1,732)
Total comprehensive loss attributable to common stockholders	$ (268,922)	$ (160,294)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Class A and Class B Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income/(Loss)	Accumulated Deficit	Non- Controlling Interest
Balances beginning ( in shares) at Dec. 31, 2021		585,878
Balance beginning at Dec. 31, 2021	$ 592,923	$ 58	$ 1,568,638	$ 62	$ (983,941)	$ 8,106
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		4,150
Issuance of common stock upon exercise of stock options	10,176	$ 1	10,175			0
Issuance of common stock under Employee Stock Purchase Plan (in shares)		335
Issuance of common stock under Employee Stock Purchase Plan	14,243		14,243
Vesting of restricted stock units (in shares)		1,808
Withholding taxes related to net share settlement of restricted stock units (in shares)		(3)
Withholding taxes related to net share settlement of restricted stock units	(150)		(150)
Stock-based compensation expense	112,295		112,295
Other (in shares)		28
Other comprehensive income/(loss)	(6)			(92)		86
Net loss	(162,020)				(160,202)	(1,818)
Balance ending (Shares) at Mar. 31, 2022		592,196
Balance ending at Mar. 31, 2022	$ 567,461	$ 59	1,705,201	(30)	(1,144,143)	6,374
Balances beginning ( in shares) at Dec. 31, 2022	604,674	604,674
Balance beginning at Dec. 31, 2022	$ 305,035	$ 59	2,213,603	671	(1,908,307)	(991)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	2,263	2,263
Issuance of common stock upon exercise of stock options	$ 5,913	$ 1	5,912
Issuance of common stock under Employee Stock Purchase Plan (in shares)		639
Issuance of common stock under Employee Stock Purchase Plan	19,921		19,921
Vesting of restricted stock units (in shares)		2,911
Stock-based compensation expense	184,904		184,904
Other comprehensive income/(loss)	(643)			(609)		(34)
Net loss	$ (269,948)				(268,313)	(1,635)
Balance ending (Shares) at Mar. 31, 2023	610,487	610,487
Balance ending at Mar. 31, 2023	$ 245,182	$ 60	$ 2,424,340	$ 62	$ (2,176,620)	$ (2,660)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Consolidated net loss	$ (269,948)	$ (162,020)
Adjustments to reconcile net loss including noncontrolling interests to net cash and cash equivalents provided by operations:
Depreciation and amortization	47,412	24,497
Stock-based compensation expense	184,904	112,295
Operating lease non-cash expense	21,244	13,997
(Accretion)/amortization on marketable securities, net	(12,122)	0
Amortization of debt issuance costs	324	311
Impairment expense, (gain)/loss on investment and other asset sales, and other, net	8,236	(567)
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable	113,193	128,183
Accounts payable	18,307	(3,768)
Prepaid expenses and other current assets	(8,359)	(10,940)
Other assets	(2,158)	(435)
Developer exchange liability	(3,865)	(14,090)
Accrued expenses and other current liabilities	(17,004)	(2,066)
Other long-term liability	1,970	0
Operating lease liabilities	(11,999)	(11,709)
Deferred revenue	123,783	96,797
Deferred cost of revenue	(20,137)	(14,049)
Net cash and cash equivalents provided by operating activities	173,781	156,436
Cash flows from investing activities:
Acquisition of property and equipment	(91,359)	(51,790)
Purchases of investments	(2,340,200)	0
Sales of investments	84,279	0
Purchases of intangible assets	(500)	0
Net cash and cash equivalents used in investing activities	(2,347,780)	(51,790)
Cash flows from financing activities:
Proceeds from issuance of common stock	25,472	24,328
Payment of withholding taxes related to net share settlement of restricted stock units	0	(150)
Payment of debt issuance cost	0	(154)
Payments related to business combination, after acquisition date	(750)	0
Net cash and cash equivalents provided by financing activities	24,722	24,024
Effect of exchange rate changes on cash and cash equivalents	(68)	(6)
Net increase/(decrease) in cash and cash equivalents	(2,149,345)	128,664
Cash and cash equivalents
Beginning of period	2,977,474	3,004,300
End of period	828,129	3,132,964
Supplemental disclosure of noncash investing and financing activities:
Property and equipment additions in accounts payable and accrued expenses and other liabilities	$ 109,617	$ 86,813

Organization and Description of

Organization and Description of Business	3 Months Ended
Organization and Description of Business	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	1. Organization and Description of Business Description of Business Roblox Corporation (the “Company” or “Roblox”) was incorporated under the laws of the state of Delaware in March 2004. The Company operates a human co-experience platform (the “Roblox Platform” or “Platform”) where users interact with each other to explore and create immersive, user-generated, 3D experiences. Users are free to immerse themselves in experiences on the Roblox Platform and can acquire experience-specific enhancements or avatar items by using purchased Robux, our virtual currency. Any user can be a developer or creator on the Platform using Roblox Studio, a set of free software tools. Developers build the experiences that are published on Roblox and can earn Robux through microtransactions in their experiences, through engagement-based payouts, and by selling virtual items in the Roblox virtual economy.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies Fiscal Year The Company’s fiscal year ends on December 31. For example, references to fiscal year 2023 and 2022 refer to the fiscal year ending December 31, 2023 and December 31, 2022, respectively. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”), regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with U.S. GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 28, 2023. In the Company’s opinion, the information contained herein reflects all adjustments necessary for a fair presentation of the Company’s results of operations, financial position, cash flows, and stockholders’ equity. All such adjustments are of a normal, recurring nature. The results of operations for the three months ended March 31, 2023 shown in this report are not necessarily indicative of the results to be expected for the full year ending December 31, 2023 or any other interim period. For a discussion of the Company’s significant accounting policies, refer to the headers “Developer Exchange Fees Expense” and “Short-Term and Long-Term Investments” below, as well as the significant accounting policies as described in the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 28, 2023. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and subsidiaries over which the Company has control. All intercompany transactions and balances have been eliminated. The condensed consolidated financial statements include 100% of the accounts of wholly owned and majority owned subsidiaries, and the ownership interest of minority investors is recorded as noncontrolling interest. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions reflected in the condensed consolidated financial statements include, but are not limited to, the estimated period of time the virtual items are available to the user, which is estimated as the average lifetime of a paying user, and the estimated amount of consumable and durable virtual items purchased for which the Company lacks specific information that we use for revenue recognition, useful lives of property and equipment and intangible assets, fair value of assets and liabilities acquired through acquisitions, accrued liabilities (including accrued developer exchange fees), contingent liabilities, valuation of deferred tax assets and liabilities, stock-based compensation expense, the discount rate used in measuring our operating lease liabilities, the carrying value of operating lease right-of-use assets, evaluation of recoverability of goodwill, intangible assets and long-lived assets, and as necessary, estimates of fair value to measure impairment losses. Management believes that the estimates, and judgments upon which they rely, are reasonable based upon information available to them at the time that these estimates and judgments are made. Actual results could differ from those estimates and any such differences may be material to the condensed consolidated financial statements. To the extent that there are material differences between these estimates and actual results, the Company’s condensed consolidated financial statements will be affected. Change in Accounting Estimate In the first quarter of 2022, we updated our estimated paying user life from 23 months to 25 months, which was subsequently updated again to 28 months in the third quarter of 2022. Based on the carrying amount of deferred revenue and deferred cost of revenue as of December 31, 2021, the change in estimate in the first quarter of 2022 resulted in a decrease in revenue of $82.5 million and a decrease in cost of revenue of $19.6 million during the three months ended March 31, 2022. The estimated paying user life for the quarter ended March 31, 2023 was 28 months. Refer to the heading “Basis of Presentation and Summary of Significant Accounting Policies — Revenue Recognition Policy” as described in the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 28, 2023, for a complete discussion on the Company’s revenue recognition policies. Developer Exchange Fees Expense The Company has established an incentive program for developers and creators to build and operate virtual experiences within the Roblox environment. Developers and creators can earn Robux through the sale of access to their experiences and enhancements in their experiences, the sale of content and tools between developers through the Studio Marketplace, and the sale of items to users through the Avatar Marketplace. Developers can also earn Robux through our engagement-based reward program that rewards developers based on the number of hours spent in their experiences by Roblox Premium subscribers. Under certain conditions, and in compliance with applicable law, these developers and creators are eligible to receive a cash payout based on the amount of accumulated earned Robux through our Developer Exchange Program. In order to be qualified for our Developer Exchange Program and eligible to exchange earned Robux for real-world currency, developers and creators must meet certain conditions, such as having earned the minimum amount of Robux required to qualify for the program, a verified developer account, and an account in good standing. On January 31, 2022, we reduced the minimum amount of earned Robux required to qualify for the program from 100,000 Robux to 50,000 Robux and subsequently on January 31, 2023, we further reduced the minimum requirement from 50,000 Robux to 30,000 Robux. The Company recognizes the expense associated with the Developer Exchange Program as Robux are earned by developers and creators that are qualified and registered in the Developer Exchange Program. Short-Term and Long-Term Investments Short-term and long-term investments consist of corporate debt securities, commercial paper, U.S. Treasury securities, U.S. agency securities, foreign government securities, and certificates of deposits. Based on our intentions, all debt investments are classified as available-for-sale and are reported at fair value with unrealized gains and losses recorded as a separate component of other comprehensive income, net of income taxes. The Company determines the appropriate classification of its investments as short-term or long-term at the time of purchase and reevaluates such determination at each reporting period based on their respective maturity dates and the Company’s reasonable expectation with regard to those investments (e.g. expectations of future sales or redemptions). For debt securities in an unrealized loss position, we first consider whether we intend to or it is more likely than not that we will be required to sell the individual security prior to recovery of its amortized cost basis and if so, we adjust the carrying value of security down to its fair value, with the amount of the write-down recorded as a realized loss within other income/(expense), net. Otherwise, we determine whether a decline in fair value is attributable to a partial or full credit loss by reviewing factors such as the extent to which the fair value is less than the amortized cost basis, changes in interest rates since the purchase of the security, the financial condition of the issuer, including changes in credit ratings, the remaining payment terms of the security, as well as any adverse conditions specifically related to the security, the issuer’s industry or its geographic area. If a credit loss exists, we adjust the carrying value by recording expense within other income/(expense), net equal to the amount of the credit loss, with such amount limited to the amount of the unrealized loss. Subsequent recoveries of fair value originally attributed to a credit loss are subsequently recognized as income within other income/(expense), net. Finally, any unrealized loss not deemed to be attributable to a credit loss is recognized as component of other comprehensive income/(loss), net of income taxes. There were no credit losses related to our debt investments in any of the periods presented and therefore all unrealized gains/(losses) were recognized as a component of other comprehensive income/(loss), net of tax. For purposes of identifying and measuring credit losses, the Company excludes any related accrued interest from both the fair value and amortized cost basis of the investment. Accrued interest receivable, net of the allowance for credit losses (if any), is recorded in prepaid expenses and other current assets in our condensed consolidated financial statements. Realized gains and losses for all investments are determined using the specific-identification method and are reflected as a component of other income (expense), net in the condensed consolidated statements of operations. The Company’s investment policy limits the amount of credit exposure in its portfolio by imposing credit rating minimums and limiting purchases by security type and sector. Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-08, “ Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ”. Under ASU 2021-08, an acquirer must recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, as if it had originated the contracts. Prior to this ASU, an acquirer generally recognized contract assets acquired and contract liabilities assumed that arose from contracts with customers at fair value on the acquisition date. The Company adopted the ASU on January 1, 2023 and the adoption did not have a material impact on the Company ’ s condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted The Company is in the process of reviewing all issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such accounting pronouncements will cause a material impact on its condensed consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
Revenue from Contracts with Customers	Mar. 31, 2023
Disaggregation of Revenue [Abstract]
Revenue from Contracts with Customers	3. Revenue from Contracts with Customers Disaggregation of Revenue The following table summarizes revenue by region based on the billing country of users (in thousands, except percentages): Three Months Ended March 31, 2023 2022 Amount Percentage Amount Percentage United States and Canada (1) $ 425,763 65 % $ 356,656 66 % Europe 118,530 18 99,202 18 Asia-Pacific, including Australia and New Zealand 65,128 10 45,990 9 Rest of world 45,923 7 35,286 7 Total $ 655,344 100 % $ 537,134 100 % (1) The Company’s revenues in the United States were 61% of total revenue for the three months ended March 31, 2023 and 62% for the three months ended March 31, 2022. No individual country, other than the United States, exceeded 10% of the Company’s total revenue for any period presented. Durable virtual items accounted for 90% of Roblox Platform revenue for each of the three months ended March 31, 2023 and March 31, 2022, while consumable virtual items accounted for 10% of Roblox Platform revenue for each of the three months ended March 31, 2023 and March 31, 2022. Deferred Revenue The Company receives payments from its users based on the payment terms established in its contracts. Such payments are initially recorded to deferred revenue and are recognized into revenue as the Company satisfies its performance obligations. The aggregate amount of revenue allocated to unsatisfied performance obligations is included in our deferred revenue balances. The increase in deferred revenue for the quarter ended March 31, 2023 was driven by sales during the period exceeding revenue recognized from the satisfaction of our performance obligations, which includes the revenue recognized during the period that was included in the current portion of deferred revenue at the beginning of the period. During the three months ended March 31, 2023, we recognized $562.7 million of revenue that was included in the current deferred revenue balance as of December 31, 2022.

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2023
Leases [Abstract]
Leases	4. Leases On February 11, 2023, the Company executed a lease assignment as sub-lessee pursuant to which the Company will sublease approximately 179,496 square feet of office space in San Mateo, California for a lease term of approximately seven years (the “Sub-Lessee Agreement”). Concurrent with the execution of the Sub-Lessee Agreement, the Company executed a sublease as sub-lessor pursuant to which it will sublease a total of approximately 78,911 square feet of its San Mateo, California corporate headquarters (the “San Mateo Headquarters”) to the sub-lessee for a lease term of approximately four years (the “Sub-Lessor Agreement”). The total lease payments under the Sub-Lessee Agreement are approximately $85.6 million over the lease term and the Company expects to take possession of the assigned space in the second quarter of 2023. The total lease payments due to the Company under the Sub-Lessor Agreement are $22.2 million over the lease term and the Company provided possession to the sub-lessee to one of the floors in April 2023, with possession of the remaining floor expected to be provided during the third quarter of 2023. As a result of the Sub-Lessor Agreement, the Company recognized a $7.0 million impairment loss within general and administrative expenses in its condensed consolidated financial statements during the three months ended March 31, 2023, which included $4.8 million related to the San Mateo Headquarters operating lease right-of-use asset and $2.2 million related to property and equipment, net associated with the San Mateo Headquarters.

Cash Equivalents and Investment

Cash Equivalents and Investments	3 Months Ended
Cash Equivalents and Investments	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Cash Equivalents and Investments	5. Cash Equivalents and Investments The following is a summary of the Company’s cash equivalents and short-term and long-term investments (in thousands): As of March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash Equivalents Short-Term Investments Long-Term Investments Level 1 Money market funds $ 308,160 $ — $ — $ 308,160 $ 308,160 $ — $ — U.S. Treasury securities 1,432,243 1,250 (331) 1,433,162 159,472 874,957 398,733 Subtotal 1,740,403 1,250 (331) 1,741,322 467,632 874,957 398,733 Level 2 U.S. agency securities 488,688 154 (147) 488,695 34,945 370,108 83,642 Foreign government securities 14,150 40 (74) 14,116 — — 14,116 Certificates of deposits 12,741 — — 12,741 — 12,741 — Commercial paper 183,892 — — 183,892 49,802 134,090 — Corporate debt securities 376,871 550 (2,017) 375,404 — 20,966 354,438 Subtotal 1,076,342 744 (2,238) 1,074,848 84,747 537,905 452,196 Total $ 2,816,745 $ 1,994 $ (2,569) $ 2,816,170 $ 552,379 $ 1,412,862 $ 850,929 As of December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash Equivalents Short-Term Investments Long-Term Investments Level 1 Money market funds $ 1,903,880 $ — $ — $ 1,903,880 $ 1,903,880 $ — $ — Total $ 1,903,880 $ — $ — $ 1,903,880 $ 1,903,880 $ — $ — As of March 31, 2023, all of the Company’s short-term debt investments have contractual maturities of one year or less and all of the Company’s long-term debt investments have contractual maturities of between one Changes in market interest rates, credit risk of borrowers and overall market liquidity, amongst other factors, may cause our short-term and long-term debt investments to fall below their amortized cost basis, resulting in unrealized losses.

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	6. Acquisitions Byfron Technologies, LLC Acquisition On October 11, 2022 (the “Byfron Acquisition Date”), the Company acquired all outstanding equity interests of Byfron Technologies, LLC (“Byfron”), a privately-held company that operates a security and anti-cheat software for game publishers. The acquisition has been accounted for as a business combination. The consideration totaled $9.6 million, which included $2.0 million of cash to be held back for 18 months following the Byfron Acquisition Date. The aggregate purchase consideration comprised of the following (in thousands): Fair Value Cash paid $ 7,603 Cash holdback 2,000 Total purchase price $ 9,603 In connection with the acquisition, the Company also entered into agreements with the Byfron founders, which provide them $9.6 million over a three year service period following the Byfron Acquisition Date, subject to their continued service with the Company during that period. The agreements were determined to primarily benefit the Company and were recognized separate from the business combination. The expense associated with these agreements is being recognized ratably over the requisite service period of three years as a component of research and development expense. The following table summarizes the Company’s preliminary allocation of the purchase consideration based on the fair value of assets acquired and liabilities assumed at the Byfron Acquisition Date (in thousands): October 11, 2022 Cash and cash equivalents $ 380 Goodwill 3,882 Identified intangible assets 5,500 Other assets 169 Other current liabilities $ (328) Total purchase price $ 9,603 The following table presents details of the identifiable assets acquired (in thousands, except estimated useful life): Carrying Estimated Useful Life (Years) Developed technology $ 5,500 5 Total $ 5,500 Goodwill is primarily attributable to the assembled workforce and anticipated synergies arising from the acquisition. The goodwill recorded in the acquisition is expected to be deductible for income tax purposes. Hamul, Inc. Acquisition On April 1, 2022 (the “Hamul Acquisition Date”), the Company acquired all outstanding equity interests of Hamul, Inc. (“Hamul”) a privately-held company that provides a platform for connecting gaming communities. The acquisition has been accounted for as a business combination. The fair value of the consideration transferred was $19.3 million, which consisted of $9.2 million paid in cash and 385,093 shares of Class A common stock with a fair value of $4.0 million. The aggregate purchase consideration was comprised of the following (in thousands): Fair Value Cash paid $ 9,185 Common stock issued 4,009 Replacement awards attributable to pre-acquisition service 6,129 Total purchase price $ 19,323 In connection with the acquisition, the Company entered into a stock-based consideration revesting agreement with the Hamul founders. The portion of the fair value of the common stock associated with pre-acquisition service of the Hamul founders represented a component of the total purchase consideration, as presented above. The remaining fair value of $7.6 million of these issued shares was excluded from the purchase price. These shares, which are subject to the recipients’ continued service with the Company, are being recognized ratably as stock-based compensation expense as a component of research and development expense over the requisite service period of three years following the Hamul Acquisition Date. The total purchase consideration was allocated to the tangible and intangible assets acquired, and liabilities assumed, based upon their respective fair values as of the date of the acquisition. Management determined the fair values based on a number of factors. The excess of the purchase price over the net assets acquired was recorded as goodwill. Goodwill is attributable to the assembled workforce and anticipated synergies arising from the acquisition. The goodwill recognized is not expected to be deductible for income tax purposes. The following table summarizes the Company’s allocation of the purchase consideration based on the fair value of assets acquired and liabilities assumed at the Hamul Acquisition Date (in thousands): April 1, 2022 Cash and cash equivalents $ 3,020 Goodwill 12,382 Identified intangible assets 4,500 Deferred tax liabilities (579) Total purchase price $ 19,323 The following table presents details of the identifiable assets acquired (in thousands, except estimated useful life): Carrying Estimated Useful Life (Years) Developed technology $ 4,500 5 Total $ 4,500

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets Goodwill Goodwill is recorded when the purchase price of an acquisition exceeds the fair value of the net tangible and identified intangible assets acquired. The following table represents the changes to goodwill during the three months ended March 31, 2023 (in thousands): Carrying Balance as of December 31, 2022 $ 134,335 Additions from acquisitions — Balance as of March 31, 2023 $ 134,335 There are no accumulated impairment losses for any period presented. Intangible Assets The following tables present details of the Company’s finite-lived intangible assets as of March 31, 2023 and December 31, 2022 (in thousands): As of March 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Developed technology $ 72,559 $ (27,860) $ 44,699 Assembled workforce 10,000 (4,875) 5,125 Trade name 500 (158) 342 Total intangible assets $ 83,059 $ (32,893) $ 50,166 As of December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Developed technology $ 72,059 $ (24,240) $ 47,819 Assembled workforce 10,000 (4,042) 5,958 Trade name 500 (133) 367 Total intangible assets $ 82,559 $ (28,415) $ 54,144 The above tables do not include $0.6 million of indefinite lived intangible assets as of March 31, 2023 and December 31, 2022. Amortization expense related to our finite-lived intangible assets was $4.5 million for the three months ended March 31, 2023 and $3.8 million for the three months ended March 31, 2022. Expected future amortization expenses related to the intangible assets as of March 31, 2023 were as follows (in thousands): Year ending December 31: Remainder of 2023 $ 13,687 2024 16,780 2025 14,036 2026 4,613 2027 1,050 Thereafter — Total remaining amortization $ 50,166

Other Balance Sheet Components

Other Balance Sheet Components	3 Months Ended
Other Balance Sheet Components	Mar. 31, 2023
Other Balance Sheet Components [Abstract]
Other Balance Sheet Components	8. Other Balance Sheet Components Prepaid expenses and other current assets Prepaid expenses and other current assets consisted of the following (in thousands): As of March 31, December 31, Prepaid expenses $ 48,054 $ 45,173 Accrued interest receivable 8,751 6,026 Other current assets 19,502 10,442 Total prepaid expenses and other current assets $ 76,307 $ 61,641 Property and equipment, net Property and equipment, net, consisted of the following (in thousands): As of March 31, December 31, Servers and related equipment and software $ 861,377 $ 741,418 Computer hardware and software 34,931 23,647 Furniture and fixtures 476 446 Leasehold improvements 87,251 69,311 Construction in progress 12,727 24,306 Total property and equipment 996,762 859,128 Less accumulated depreciation and amortization (308,421) (266,782) Property and equipment—net $ 688,341 $ 592,346 Construction in progress primarily relates to leasehold improvements for the Company’s leased office buildings and network equipment infrastructure to support the Company’s data centers. Depreciation and amortization expense of property and equipment was $42.9 million for the three months ended March 31, 2023 and was $20.7 million and for the three months ended March 31, 2022. Accrued expenses and other current liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): As of March 31, December 31, Accrued operating expenses $ 87,972 $ 80,122 Short term operating lease liabilities 81,282 73,235 Accrued interest on the 2030 Notes 16,146 6,458 Taxes payable 47,479 49,361 Accrued compensation and other employee related liabilities 5,197 21,003 Other current liability 9,873 5,827 Total accrued expenses and other current liabilities $ 247,949 $ 236,006

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	9. Debt On October 29, 2021, the Company issued $1.0 billion aggregate principal amount of its 3.875% Senior Notes due 2030 (the “2030 Notes”). The 2030 Notes mature on May 1, 2030. The 2030 Notes bear interest at a rate of 3.875% per annum. Interest on the 2030 Notes is payable semi-annually in arrears on May 1 and November 1 of each year, commencing on May 1, 2022. The aggregate proceeds from offering of the 2030 Notes were approximately $987.5 million, after deducting lenders costs and other issuance costs incurred by the Company. The issuance costs of $12.5 million are amortized into interest expense using the effective interest method over the term of the 2030 Notes. The Company may voluntarily redeem the 2030 Notes, in whole or in part, under the following circumstances: (1) at any time prior to November 1, 2024, the Company may on any one or more occasions redeem up to 40% of the aggregate principal amount of the 2030 Notes at a redemption price of 103.875% of the principal amount including accrued and unpaid interest, if any, with the net cash proceeds of certain equity offerings; provided that (1) at least 50% of the aggregate principal amount of 2030 Notes originally issued remains outstanding immediately after the occurrence of such redemption (excluding 2030 Notes held by the Company and its subsidiaries); and (2) the redemption occurs within 180 days of the date of the closing of such equity offerings. (2) on or after November 1, 2024, the Company may redeem all or a part of the 2030 Notes at the following redemption prices (expressed as percentages of principal amount), plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date: Year Percentage 2024 101.938 % 2025 100.969 % 2026 and thereafter 100.000 % (3) at any time prior to November 1, 2024, the Company may redeem all or a part of the 2030 Notes at a redemption price equal to 100% of the principal amount of 2030 Notes redeemed, including accrued and unpaid interest, if any, plus the applicable “make-whole” premium set forth in the indenture governing the 2030 Notes (the “Indenture”) as of the date of such redemption; and (4) in connection with any tender offer for the 2030 Notes, including an offer to purchase (as defined in the Indenture), if holders of not less than 90% in aggregate principal amount of the outstanding 2030 Notes validly tender and do not withdraw such notes in such tender offer and the Company (or any third party making such a tender offer in lieu of the Company) purchases all of the 2030 Notes validly tendered and not withdrawn by such holders, the Company (or such third party) will have the right, upon not less than 10, but not more than 60 days’ prior notice, given not more than 30 days following such purchase date to the holders of the 2030 Notes and the trustee, to redeem all of the 2030 Notes that remain outstanding following such purchase at a redemption price equal to the price offered to each holder of 2030 Notes (excluding any early tender or incentive fee) in such tender offer plus to the extent not included in the tender offer payment, accrued and unpaid interest, if any. In certain circumstances involving a change of control triggering event (as defined in the Indenture), the Company will be required to make an offer to repurchase all, or at the holder’s option, any part, of each holder’s 2030 Notes at a repurchase price equal to 101% of the principal amount, plus accrued and unpaid interest, if any, to the applicable repurchase date. The 2030 Notes are unsecured obligations and the Indenture contains covenants limiting the Company and its subsidiaries’ ability to: (i) create certain liens and enter into sale and lease-back transactions; (ii) create, assume, incur or guarantee certain indebtedness; or (iii) consolidate or merge with or into, or sell or otherwise dispose of all of substantially all of the Company and its subsidiaries’ assets to another person. These covenants are subject to a number of limitations and exceptions set forth in the Indenture and non-compliance with these covenants may result in the accelerated repayment of the 2030 Notes and any accrued and unpaid interest. As of March 31, 2023, the Company was in compliance with all of its covenants under the Indenture. The net carrying amount of the Company’s long-term debt, net, which is comprised solely of the 2030 Notes, was as follows (in thousands): As of March 31, December 31, Long-term debt, net Principal $ 1,000,000 $ 1,000,000 Unamortized issuance costs (10,692) (11,016) Net carrying amount $ 989,308 $ 988,984 Interest expense recognized in the condensed consolidated statements of operations related to the 2030 Notes was as follows (in thousands): Three Months Ended March 31, 2023 2022 Contractual interest expense $ 9,688 $ 9,688 Amortization of debt issuance costs 324 311 Total interest expense $ 10,012 $ 9,999 The debt issuance costs for the 2030 Notes are amortized to interest expense over the term of the 2030 Notes using an annual effective interest rate of 4.05%. As of March 31, 2023 and December 31, 2022, the estimated fair value of the 2030 Notes was approximately $857.5 million and $788.2 million, respectively, determined based on the trading price of the 2030 Notes on the last trading day of the reporting period in an inactive market, which represents a Level 2 input.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Lease Commitments —The Company leases office facilities and space for data center operations under operating leases expiring in various years through 2035. Certain of these arrangements have free or escalating rent payment provisions and optional renewal clauses. All of the Company’s leases are accounted for as operating leases. There has been no material change in the Company’s lease commitments during the three months ended March 31, 2023 other than for lease commitments primarily related to office facilities and space for data center operations in the ordinary course of business. See Note 4, “Leases” for more information. Purchase Obligations —Other purchase obligations primarily consist of contracts associated with data center and software vendors in the ordinary course of business. There has been no material change in the Company’s purchase obligations during the three months ended March 31, 2023, other than non-cancelable purchase commitments primarily related to data center and software vendors in the ordinary course of business. Letters of Credit —The Company has letters of credit in connection with its operating leases which are not reflected in the Company's condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022. There have been no material changes to the Company’s letters of credit during the three months ended March 31, 2023. Legal Proceedings —The Company is and, from time to time may in the future become, involved in legal proceedings, claims and litigation in the ordinary course of business. As of March 31, 2023, the Company has accrued for immaterial losses related to those litigation matters that the Company believes to be probable and for which an amount of loss can be reasonably estimated. The Company considered the progress of these cases, the opinions and views of its legal counsel and outside advisors, its experience and settlements in similar cases, and other factors in arriving at the conclusion that a potential loss was probable. The Company cannot determine a reasonable estimate of the maximum possible loss or range of loss for all of these matters given that they are at various stages of the litigation process and each case is subject to the inherent uncertainties of litigation. The Company may incur substantial legal fees, which are expensed as incurred, in defending against these legal proceedings. The maximum amount of liability that may ultimately result from any of these matters cannot be predicted with absolute certainty and the ultimate resolution of one or more of these matters could ultimately have a material adverse effect on our operations. Indemnification —In the ordinary course of business, the Company enters into agreements that may include indemnification provisions. Pursuant to such agreements, the Company may indemnify, hold harmless and defend an indemnified party for losses suffered or incurred by the indemnified party. Some of the provisions will limit losses to those arising from third-party actions. In some cases, the indemnification will continue after the termination of the agreement. The maximum potential amount of future payments the Company could be required to make under these provisions is not determinable. To date, the Company has not incurred material costs to defend lawsuits or settle claims related to these indemnification provisions. The Company has also entered into indemnification agreements with its directors and officers that may require the Company to indemnify its directors and officers against liabilities that may arise by reason of their status or service as directors or officers to the fullest extent permitted by Delaware corporate law. To date, the Company has not incurred any material costs and have not accrued any liabilities related to such obligations. The Company also currently has directors’ and officers’ insurance.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	11. Stockholders’ Equity As of March 31, 2023, the Company had 4,935.0 million shares of Class A common stock authorized, with a par value of $0.0001 per share, 65.0 million shares of Class B common stock authorized, with a par value of $0.0001 per share, and 100.0 million shares of preferred stock authorized, with a par value of $0.0001 per share. Holders of Class A common stock are entitled to one vote per share. Holders of Class B common stock are entitled to 20 votes per share. During the three months ended March 31, 2023, 1.3 million shares of Class B common stock held by entities affiliated with Mr. Baszucki, Founder, President, CEO and Chair of our Board of Directors were converted to Class A common stock. Class A and Class B common stock are referred to as common stock throughout the notes to the condensed consolidated financial statements, unless otherwise noted. The Company had reserved shares of common stock for future issuance as follows (in thousands): As of March 31, December 31, Stock options outstanding 49,148 51,591 Restricted Stock Units (“RSUs”) outstanding 33,956 30,322 2022 Performance Stock Units (“PSUs”) 415 415 CEO Long-Term Performance Award 11,500 11,500 2020 Equity Incentive Plan 83,814 59,945 2020 Employee Stock Purchase Plan 16,501 11,093 Stock warrants outstanding 264 264 Unregistered stock awards (“RSAs”) outstanding 425 500 Total 196,023 165,630

Stock-based Compensation Expens

Stock-based Compensation Expense	3 Months Ended
Stock-based Compensation Expense	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Expense	12. Stock-Based Compensation Expense The Company has three equity incentive plans: its 2004 Incentive Stock Plan (the “2004 Plan”), its 2017 Amended and Restated Equity Incentive Plan (the “2017 Plan”) and its 2020 Equity Incentive Plan (the “2020 Plan”). The Company’s stockholders approved the 2020 Plan in 2020, which became effective in connection with the Company’s March 10, 2021 direct listing of its Class A common stock (the "Direct Listing"). The 2017 Plan was terminated effective immediately prior to the direct listing in connection with the effectiveness of the Company’s 2020 Plan, and accordingly no shares are available for issuance under the 2017 Plan. The 2004 Plan was terminated on the effective date of the 2017 Plan, and accordingly no shares are available for issuance under the 2004 Plan. Any outstanding stock awards under the 2004 Plan and 2017 Plan remain outstanding, subject to the terms of the applicable plan and award agreements, until such shares are issued under those stock awards, by exercise of stock options or settlement of RSUs or until those stock awards become vested or expired by their terms. Additionally, in 2020, the Company’s stockholders approved the 2020 Employee Stock Purchase Plan (the “2020 ESPP”), which became effective in connection with the Direct Listing. Stock-based compensation expense Stock-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands): Three Months Ended March 31, 2023 2022 Infrastructure and trust & safety $ 18,532 $ 11,356 Research and development 129,257 74,814 General and administrative 30,650 20,795 Sales and marketing 6,465 5,330 Total stock-based compensation expense $ 184,904 $ 112,295 Stock Options The following table summarizes the Company’s stock option activity (in thousands, except per option data and remaining contractual term): Options Outstanding Number of Weighted- Weighted-Average Remaining Aggregate Balances as of December 31, 2022 51,591 $ 2.85 6.00 $ 1,321,183 Granted — — Cancelled, forfeited, and expired (180) $ 4.69 Exercised (2,263) $ 2.61 Balances as of March 31, 2023 49,148 $ 2.86 5.77 $ 2,070,340 Exercisable as of March 31, 2023 40,367 $ 2.51 5.49 $ 1,714,354 Vested and expected to vest at March 31, 2023 49,148 $ 2.86 5.77 $ 2,070,340 RSUs and RSAs The following table summarizes the Company’s RSU and RSA activity (in thousands, except per share data): RSUs RSAs Number of Weighted- Number of Weighted- Unvested as of December 31, 2022 30,322 $ 48.73 500 $ 52.55 Granted 7,124 $ 36.35 — — Vested and released (2,911) $ 48.18 (75) $ 50.75 Cancelled (579) $ 53.00 — — Unvested as of March 31, 2023 33,956 $ 46.11 425 $ 52.99 CEO Long-Term Performance Award In February 2021, the Leadership Development and Compensation Committee granted the CEO Long-Term Performance Award under the 2017 Plan, which provides him the opportunity to earn a maximum number of 11,500,000 shares of Class A common stock. The CEO Long-Term Performance Award vests upon the satisfaction of a service condition and achievement of certain Class A common stock price targets (referred to as a “Company Stock Price Hurdle”), as described below. The CEO Long-Term Performance Award is eligible to vest based on the Company’s stock price performance over various performance periods, with the first performance period beginning two years after the Effective Date and ending on the seventh anniversary of the Effective Date. The CEO Long-Term Performance Award is divided into seven performance periods that are eligible to vest based on the achievement of various Company Stock Price Hurdles, measured based on an average of our stock price over a consecutive 90-day trading period applicable to the performance period as set forth below. In addition, Mr. Baszucki must remain employed as our CEO through the date a Company Stock Price Hurdle is achieved in order to earn the RSUs that relate to the applicable Company Stock Price Hurdle. Company Stock Number of RSUs Performance 1 $ 165.00 750,000 2 years 2 $ 200.00 750,000 3 years 3 $ 235.00 2,000,000 4 years 4 $ 270.00 2,000,000 5 years 5 $ 305.00 2,000,000 5 years 6 $ 340.00 2,000,000 5 years 7 $ 375.00 2,000,000 5 years If the Company Stock Price Hurdle fails to reach $165.00 prior to the seventh anniversary of the Effective Date, no portion of the CEO Long-Term Performance Award will vest. Further, any RSUs associated with a Company Stock Price Hurdle not achieved by the seventh anniversary of the Effective Date will terminate and be cancelled for no additional consideration to Mr. Baszucki. The Company Stock Price Hurdles and number of RSUs eligible to vest will be adjusted to reflect any stock splits, stock dividends, combinations, reorganizations, reclassifications, or similar events under the 2017 Plan. Each vested RSU under the CEO Long-Term Performance Award will be settled in a share of our Class A common stock on the next company quarterly settlement date occurring on or after the date on which the RSU vests, regardless of whether Mr. Baszucki remains the CEO as of such date. Company quarterly settlement dates for this purpose are February 20, May 20, August 20, and November 20. The Company estimated the grant date fair value of the CEO Long-Term Performance Award using a model based on multiple stock price outcomes developed through the use of a Monte Carlo simulation that incorporates into the valuation the possibility that the Company Stock Price Hurdles may not be satisfied. A Monte Carlo simulation model requires use of various assumptions, including the underlying stock price, volatility, and the risk-free interest rate as of the valuation date, corresponding to the length of time remaining in the performance period, and expected dividend yield. The weighted-average grant date fair value of the CEO Long-Term Performance Award was estimated to be $20.19 per share, and the Company estimates that as of the grant date, it will recognize total stock-based compensation expense of approximately $232.2 million over the derived service period of each of the seven separate tranches which is between 3.45 – 5.38 years, using the accelerated attribution method. If the Company Stock Price Hurdles are met sooner than the derived service period, the stock-based compensation expense will be adjusted to reflect the cumulative expense associated with the vested award. The stock-based compensation expense will be recognized over the requisite service period if Mr. Baszucki provides service as the Company’s CEO, regardless of whether the Company Stock Price Hurdles are achieved. The Company recorded $12.0 million of stock-based compensation expense related to the CEO Long-Term Performance Award during the three months ended March 31, 2023 and March 31, 2022 within general and administrative expenses. PSUs During the quarter ended June 30, 2022, the Company’s Board of Directors granted performance-based restricted stock unit awards (the “2022 PSU Grants”), to certain members of management. The target number of 2022 PSU Grants was 207,284. The number of shares that can be earned will range from 0% to 200% of the target number of shares, based on the Company’s stock price performance and achievement of certain stock price hurdles during the last quarter of the second year through the end of the third year of a three-year performance period (the “2022 PSU Grant Stock Price Hurdles”) and subject to continuous employment through such date. The Company estimated the grant date fair value of the 2022 PSU Grants using a model based on multiple stock price outcomes developed through the use of a Monte Carlo simulation which incorporates into the valuation the possibility that the 2022 PSU Grant Stock Price Hurdles may not be satisfied. The grant date fair value of the 2022 PSU Grants was estimated to be $43.13 per share, and the Company estimates that it will recognize total stock-based compensation expense of approximately $8.9 million using the accelerated attribution method over the derived service period of each tranche which is equal to five measurement periods commencing with the last quarter of the second year and ending with the last quarter of the third year. If the 2022 PSU Grant Stock Price Hurdles are met sooner than the derived service period, the stock-based compensation expense will be adjusted to reflect the cumulative expense associated with the vested award. Stock-based compensation expense will be recognized over the requisite service period if the members of management continue to provide service to the Company, regardless of whether the 2022 PSU Grant Stock Price Hurdles are achieved. The Company recorded $1.0 million of stock-based compensation expense related to the 2022 PSU Grants during the three months ended March 31, 2023. Employee Stock Purchase Plan During the quarter ended March 31, 2023, the Company’s stock price on the purchase date, February 27, 2023, was lower than the Company’s stock price on the offering date. As a result, the offering in effect was reset with the lower stock price becoming the new offering price and rolled over to a new 24 month offering period. The reset was treated as a modification resulting in incremental expense totaling $3.1 million, which is being recognized over the remaining requisite service period as of the date of reset. During the quarter ended September 30, 2022, the Company’s stock price on the purchase date, August 25, 2022, was lower than the Company’s stock price on the offering date. As a result, the offering in effect was reset with the lower stock price becoming the new offering price and rolled over to a new 24 month offering period. The reset was treated as a modification resulting in incremental expense totaling $5.1 million, which is being recognized over the remaining requisite service period as of the date of reset. During the quarter ended March 31, 2022, the Company’s stock price on the purchase date, February 25, 2022, was lower than the Company’s stock price on the offering date of the first and second offering periods. As a result, the first and second offerings in effect were reset with the lower stock price becoming the new offering price and rolled over to a new 24 month offering period. The reset was treated as a modification resulting in incremental expense totaling $4.7 million, which is being recognized over the remaining requisite service period as of the date of reset. The Company recorded $7.1 million and $4.6 million of stock-based compensation expense related to the 2020 ESPP during the three months ended March 31, 2023 and March 31, 2022, respectively.

Joint Venture

Joint Venture	3 Months Ended
Joint Venture	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Joint Venture	13. Joint Venture In February 2019, the Company entered into a joint venture agreement with Songhua River Investment Limited (“Songhua”), an affiliate of Tencent Holdings Ltd., (“Tencent Holdings”), to create Roblox China Holding Corp. (in which Roblox holds a 51% ownership interest as it relates to the voting shares). Songhua contributed $50 million in capital in exchange for a 49% ownership interest in Roblox China Holding Corp. The business of the joint venture (either directly or indirectly through the joint venture’s wholly owned subsidiaries) is to engage in the (i) development, localization, and licensing of the Roblox application to Shenzhen Tencent Computer Systems Co., Ltd. for operation and publication as a game in China, and (ii) development, localization, and licensing to creators of a Chinese version of the Roblox Studio and to oversee relations with local Chinese developers. The joint venture is consolidated into the Company’s condensed consolidated financial statements as the Company maintains a controlling financial interest through voting rights, while the minority member of the joint venture does not have substantive participating rights or veto rights. The Company classifies the 49% ownership interest held by Songhua as a noncontrolling interest on its condensed consolidated balance sheet.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes The Company is subject to federal and state income tax in the United States, as well as foreign tax jurisdictions in which it conducts business. The Company does not provide for U.S. income taxes or foreign withholding taxes on the undistributed earnings of its profitable foreign subsidiaries because it intends to permanently reinvest such earnings in foreign operations. The provision for income taxes for the three months ended March 31, 2023 and 2022 consisted of federal, state and foreign income taxes. The Company continues to maintain a full valuation allowance on its net deferred tax assets as it is not likely that the deferred assets will be utilized. The primary difference between the effective tax rate and the federal statutory tax rate relates to the valuation allowance on the Company’s deferred tax assets. On January 1, 2022, a provision of the Tax Cuts and Jobs Act of 2017 eliminated the option to deduct research and development expenditures and instead requires taxpayers to amortize such costs over five years. This change did not have a significant impact to the Company’s provision for income tax for the three months ended March 31, 2023 and 2022, as the Company has net operating loss carryforwards to offset the impact of the change and maintains a full valuation allowance against its deferred tax assets. Further, the Company does not anticipate this change to have a significant impact to the provision for income tax for the year ended December 31, 2023 and will continue to evaluate the impact on its business in future periods.

Basic and Diluted Net Loss Per

Basic and Diluted Net Loss Per Common Share	3 Months Ended
Basic and Diluted Net Loss Per Common Share	Mar. 31, 2023
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Common Share	15. Basic and Diluted Net Loss Per Common Share The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data): Three Months Ended March 31, 2023 2022 Basic and diluted net loss per share Numerator Consolidated net loss $ (269,948) $ (162,020) Less: net loss attributable to noncontrolling interest (1,635) (1,818) Net loss attributable to common stockholders $ (268,313) $ (160,202) Denominator Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted 606,637 588,521 Net loss per share attributable to common stockholders, basic and diluted $ (0.44) $ (0.27) The potential shares of common stock that were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive are as follows (in thousands): As of March 31, 2023 2022 Stock options outstanding 49,148 58,685 RSUs outstanding 33,956 14,489 2020 ESPP 1,864 1,475 Stock warrants outstanding 264 294 RSAs outstanding 425 436 Total 85,657 75,379 The CEO Long-Term Performance Award and 2022 PSU Grants were excluded from the above table because the respective stock price targets had not been met as of the periods presented.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Fiscal Year	Fiscal Year The Company’s fiscal year ends on December 31. For example, references to fiscal year 2023 and 2022 refer to the fiscal year ending December 31, 2023 and December 31, 2022, respectively.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”), regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with U.S. GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 28, 2023. In the Company’s opinion, the information contained herein reflects all adjustments necessary for a fair presentation of the Company’s results of operations, financial position, cash flows, and stockholders’ equity. All such adjustments are of a normal, recurring nature. The results of operations for the three months ended March 31, 2023 shown in this report are not necessarily indicative of the results to be expected for the full year ending December 31, 2023 or any other interim period. For a discussion of the Company’s significant accounting policies, refer to the headers “Developer Exchange Fees Expense” and “Short-Term and Long-Term Investments” below, as well as the significant accounting policies as described in the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 28, 2023.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and subsidiaries over which the Company has control. All intercompany transactions and balances have been eliminated. The condensed consolidated financial statements include 100% of the accounts of wholly owned and majority owned subsidiaries, and the ownership interest of minority investors is recorded as noncontrolling interest.
Use of Estimates and Change in Accounting Estimate	Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions reflected in the condensed consolidated financial statements include, but are not limited to, the estimated period of time the virtual items are available to the user, which is estimated as the average lifetime of a paying user, and the estimated amount of consumable and durable virtual items purchased for which the Company lacks specific information that we use for revenue recognition, useful lives of property and equipment and intangible assets, fair value of assets and liabilities acquired through acquisitions, accrued liabilities (including accrued developer exchange fees), contingent liabilities, valuation of deferred tax assets and liabilities, stock-based compensation expense, the discount rate used in measuring our operating lease liabilities, the carrying value of operating lease right-of-use assets, evaluation of recoverability of goodwill, intangible assets and long-lived assets, and as necessary, estimates of fair value to measure impairment losses. Management believes that the estimates, and judgments upon which they rely, are reasonable based upon information available to them at the time that these estimates and judgments are made. Actual results could differ from those estimates and any such differences may be material to the condensed consolidated financial statements. To the extent that there are material differences between these estimates and actual results, the Company’s condensed consolidated financial statements will be affected. Change in Accounting Estimate In the first quarter of 2022, we updated our estimated paying user life from 23 months to 25 months, which was subsequently updated again to 28 months in the third quarter of 2022. Based on the carrying amount of deferred revenue and deferred cost of revenue as of December 31, 2021, the change in estimate in the first quarter of 2022 resulted in a decrease in revenue of $82.5 million and a decrease in cost of revenue of $19.6 million during the three months ended March 31, 2022. The estimated paying user life for the quarter ended March 31, 2023 was 28 months. Refer to the heading “Basis of Presentation and Summary of Significant Accounting Policies — Revenue Recognition Policy” as described in the Company’s consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 28, 2023, for a complete discussion on the Company’s revenue recognition policies.
Developer Exchange Fees Expense	Developer Exchange Fees Expense The Company has established an incentive program for developers and creators to build and operate virtual experiences within the Roblox environment. Developers and creators can earn Robux through the sale of access to their experiences and enhancements in their experiences, the sale of content and tools between developers through the Studio Marketplace, and the sale of items to users through the Avatar Marketplace. Developers can also earn Robux through our engagement-based reward program that rewards developers based on the number of hours spent in their experiences by Roblox Premium subscribers. Under certain conditions, and in compliance with applicable law, these developers and creators are eligible to receive a cash payout based on the amount of accumulated earned Robux through our Developer Exchange Program. In order to be qualified for our Developer Exchange Program and eligible to exchange earned Robux for real-world currency, developers and creators must meet certain conditions, such as having earned the minimum amount of Robux required to qualify for the program, a verified developer account, and an account in good standing. On January 31, 2022, we reduced the minimum amount of earned Robux required to qualify for the program from 100,000 Robux to 50,000 Robux and subsequently on January 31, 2023, we further reduced the minimum requirement from 50,000 Robux to 30,000 Robux. The Company recognizes the expense associated with the Developer Exchange Program as Robux are earned by developers and creators that are qualified and registered in the Developer Exchange Program.
Short-Term and Long-Term Investments	Short-Term and Long-Term Investments Short-term and long-term investments consist of corporate debt securities, commercial paper, U.S. Treasury securities, U.S. agency securities, foreign government securities, and certificates of deposits. Based on our intentions, all debt investments are classified as available-for-sale and are reported at fair value with unrealized gains and losses recorded as a separate component of other comprehensive income, net of income taxes. The Company determines the appropriate classification of its investments as short-term or long-term at the time of purchase and reevaluates such determination at each reporting period based on their respective maturity dates and the Company’s reasonable expectation with regard to those investments (e.g. expectations of future sales or redemptions). For debt securities in an unrealized loss position, we first consider whether we intend to or it is more likely than not that we will be required to sell the individual security prior to recovery of its amortized cost basis and if so, we adjust the carrying value of security down to its fair value, with the amount of the write-down recorded as a realized loss within other income/(expense), net. Otherwise, we determine whether a decline in fair value is attributable to a partial or full credit loss by reviewing factors such as the extent to which the fair value is less than the amortized cost basis, changes in interest rates since the purchase of the security, the financial condition of the issuer, including changes in credit ratings, the remaining payment terms of the security, as well as any adverse conditions specifically related to the security, the issuer’s industry or its geographic area. If a credit loss exists, we adjust the carrying value by recording expense within other income/(expense), net equal to the amount of the credit loss, with such amount limited to the amount of the unrealized loss. Subsequent recoveries of fair value originally attributed to a credit loss are subsequently recognized as income within other income/(expense), net. Finally, any unrealized loss not deemed to be attributable to a credit loss is recognized as component of other comprehensive income/(loss), net of income taxes. There were no credit losses related to our debt investments in any of the periods presented and therefore all unrealized gains/(losses) were recognized as a component of other comprehensive income/(loss), net of tax. For purposes of identifying and measuring credit losses, the Company excludes any related accrued interest from both the fair value and amortized cost basis of the investment. Accrued interest receivable, net of the allowance for credit losses (if any), is recorded in prepaid expenses and other current assets in our condensed consolidated financial statements. Realized gains and losses for all investments are determined using the specific-identification method and are reflected as a component of other income (expense), net in the condensed consolidated statements of operations. The Company’s investment policy limits the amount of credit exposure in its portfolio by imposing credit rating minimums and limiting purchases by security type and sector.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-08, “ Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ”. Under ASU 2021-08, an acquirer must recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, as if it had originated the contracts. Prior to this ASU, an acquirer generally recognized contract assets acquired and contract liabilities assumed that arose from contracts with customers at fair value on the acquisition date. The Company adopted the ASU on January 1, 2023 and the adoption did not have a material impact on the Company ’ s condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted The Company is in the process of reviewing all issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such accounting pronouncements will cause a material impact on its condensed consolidated financial statements.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
Revenue from Contracts with Customers (Tables)	Mar. 31, 2023
Disaggregation of Revenue [Abstract]
Schedule of Revenue Disaggregated By Geography	The following table summarizes revenue by region based on the billing country of users (in thousands, except percentages): Three Months Ended March 31, 2023 2022 Amount Percentage Amount Percentage United States and Canada (1) $ 425,763 65 % $ 356,656 66 % Europe 118,530 18 99,202 18 Asia-Pacific, including Australia and New Zealand 65,128 10 45,990 9 Rest of world 45,923 7 35,286 7 Total $ 655,344 100 % $ 537,134 100 % (1) The Company’s revenues in the United States were 61% of total revenue for the three months ended March 31, 2023 and 62% for the three months ended March 31, 2022.

Cash Equivalents and Investme_2

Cash Equivalents and Investments (Tables)	3 Months Ended
Cash Equivalents and Investments (Tables)	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Cash Equivalents and Short and Long-Term Investments	The following is a summary of the Company’s cash equivalents and short-term and long-term investments (in thousands): As of March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash Equivalents Short-Term Investments Long-Term Investments Level 1 Money market funds $ 308,160 $ — $ — $ 308,160 $ 308,160 $ — $ — U.S. Treasury securities 1,432,243 1,250 (331) 1,433,162 159,472 874,957 398,733 Subtotal 1,740,403 1,250 (331) 1,741,322 467,632 874,957 398,733 Level 2 U.S. agency securities 488,688 154 (147) 488,695 34,945 370,108 83,642 Foreign government securities 14,150 40 (74) 14,116 — — 14,116 Certificates of deposits 12,741 — — 12,741 — 12,741 — Commercial paper 183,892 — — 183,892 49,802 134,090 — Corporate debt securities 376,871 550 (2,017) 375,404 — 20,966 354,438 Subtotal 1,076,342 744 (2,238) 1,074,848 84,747 537,905 452,196 Total $ 2,816,745 $ 1,994 $ (2,569) $ 2,816,170 $ 552,379 $ 1,412,862 $ 850,929 As of December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash Equivalents Short-Term Investments Long-Term Investments Level 1 Money market funds $ 1,903,880 $ — $ — $ 1,903,880 $ 1,903,880 $ — $ — Total $ 1,903,880 $ — $ — $ 1,903,880 $ 1,903,880 $ — $ —

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
Acquisitions (Tables)	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Aggregate Purchase Consideration	The aggregate purchase consideration comprised of the following (in thousands): Fair Value Cash paid $ 7,603 Cash holdback 2,000 Total purchase price $ 9,603 Fair Value Cash paid $ 9,185 Common stock issued 4,009 Replacement awards attributable to pre-acquisition service 6,129 Total purchase price $ 19,323
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the Company’s preliminary allocation of the purchase consideration based on the fair value of assets acquired and liabilities assumed at the Byfron Acquisition Date (in thousands): October 11, 2022 Cash and cash equivalents $ 380 Goodwill 3,882 Identified intangible assets 5,500 Other assets 169 Other current liabilities $ (328) Total purchase price $ 9,603 The following table summarizes the Company’s allocation of the purchase consideration based on the fair value of assets acquired and liabilities assumed at the Hamul Acquisition Date (in thousands): April 1, 2022 Cash and cash equivalents $ 3,020 Goodwill 12,382 Identified intangible assets 4,500 Deferred tax liabilities (579) Total purchase price $ 19,323
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The following table presents details of the identifiable assets acquired (in thousands, except estimated useful life): Carrying Estimated Useful Life (Years) Developed technology $ 5,500 5 Total $ 5,500 The following table presents details of the identifiable assets acquired (in thousands, except estimated useful life): Carrying Estimated Useful Life (Years) Developed technology $ 4,500 5 Total $ 4,500

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table represents the changes to goodwill during the three months ended March 31, 2023 (in thousands): Carrying Balance as of December 31, 2022 $ 134,335 Additions from acquisitions — Balance as of March 31, 2023 $ 134,335
Schedule of Finite-Lived Intangible Assets	The following tables present details of the Company’s finite-lived intangible assets as of March 31, 2023 and December 31, 2022 (in thousands): As of March 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Developed technology $ 72,559 $ (27,860) $ 44,699 Assembled workforce 10,000 (4,875) 5,125 Trade name 500 (158) 342 Total intangible assets $ 83,059 $ (32,893) $ 50,166 As of December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Developed technology $ 72,059 $ (24,240) $ 47,819 Assembled workforce 10,000 (4,042) 5,958 Trade name 500 (133) 367 Total intangible assets $ 82,559 $ (28,415) $ 54,144
Schedule of Expected Future Amortization Expenses Related to the Intangible Assets	Expected future amortization expenses related to the intangible assets as of March 31, 2023 were as follows (in thousands): Year ending December 31: Remainder of 2023 $ 13,687 2024 16,780 2025 14,036 2026 4,613 2027 1,050 Thereafter — Total remaining amortization $ 50,166

Other Balance Sheet Components

Other Balance Sheet Components (Tables)	3 Months Ended
Other Balance Sheet Components (Tables)	Mar. 31, 2023
Other Balance Sheet Components [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): As of March 31, December 31, Prepaid expenses $ 48,054 $ 45,173 Accrued interest receivable 8,751 6,026 Other current assets 19,502 10,442 Total prepaid expenses and other current assets $ 76,307 $ 61,641
Schedule of Property And Equipment, Net	Property and equipment, net, consisted of the following (in thousands): As of March 31, December 31, Servers and related equipment and software $ 861,377 $ 741,418 Computer hardware and software 34,931 23,647 Furniture and fixtures 476 446 Leasehold improvements 87,251 69,311 Construction in progress 12,727 24,306 Total property and equipment 996,762 859,128 Less accumulated depreciation and amortization (308,421) (266,782) Property and equipment—net $ 688,341 $ 592,346
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands): As of March 31, December 31, Accrued operating expenses $ 87,972 $ 80,122 Short term operating lease liabilities 81,282 73,235 Accrued interest on the 2030 Notes 16,146 6,458 Taxes payable 47,479 49,361 Accrued compensation and other employee related liabilities 5,197 21,003 Other current liability 9,873 5,827 Total accrued expenses and other current liabilities $ 247,949 $ 236,006

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt Instrument Redemption	Year Percentage 2024 101.938 % 2025 100.969 % 2026 and thereafter 100.000 %
Schedule of Long-term Debt	The net carrying amount of the Company’s long-term debt, net, which is comprised solely of the 2030 Notes, was as follows (in thousands): As of March 31, December 31, Long-term debt, net Principal $ 1,000,000 $ 1,000,000 Unamortized issuance costs (10,692) (11,016) Net carrying amount $ 989,308 $ 988,984
Schedule of Interest Expense	Interest expense recognized in the condensed consolidated statements of operations related to the 2030 Notes was as follows (in thousands): Three Months Ended March 31, 2023 2022 Contractual interest expense $ 9,688 $ 9,688 Amortization of debt issuance costs 324 311 Total interest expense $ 10,012 $ 9,999

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Schedule of Common Stock Shares Available for Future Issuance	The Company had reserved shares of common stock for future issuance as follows (in thousands): As of March 31, December 31, Stock options outstanding 49,148 51,591 Restricted Stock Units (“RSUs”) outstanding 33,956 30,322 2022 Performance Stock Units (“PSUs”) 415 415 CEO Long-Term Performance Award 11,500 11,500 2020 Equity Incentive Plan 83,814 59,945 2020 Employee Stock Purchase Plan 16,501 11,093 Stock warrants outstanding 264 264 Unregistered stock awards (“RSAs”) outstanding 425 500 Total 196,023 165,630

Stock-based Compensation Expe_2

Stock-based Compensation Expense (Tables)	3 Months Ended
Stock-based Compensation Expense (Tables)	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense	Stock-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands): Three Months Ended March 31, 2023 2022 Infrastructure and trust & safety $ 18,532 $ 11,356 Research and development 129,257 74,814 General and administrative 30,650 20,795 Sales and marketing 6,465 5,330 Total stock-based compensation expense $ 184,904 $ 112,295
Schedule of Summarizes the Company's Stock Option Activity	The following table summarizes the Company’s stock option activity (in thousands, except per option data and remaining contractual term): Options Outstanding Number of Weighted- Weighted-Average Remaining Aggregate Balances as of December 31, 2022 51,591 $ 2.85 6.00 $ 1,321,183 Granted — — Cancelled, forfeited, and expired (180) $ 4.69 Exercised (2,263) $ 2.61 Balances as of March 31, 2023 49,148 $ 2.86 5.77 $ 2,070,340 Exercisable as of March 31, 2023 40,367 $ 2.51 5.49 $ 1,714,354 Vested and expected to vest at March 31, 2023 49,148 $ 2.86 5.77 $ 2,070,340
Schedule of Company's Restricted Stock Units and Unregistered Restricted Stock Awards Activity	The following table summarizes the Company’s RSU and RSA activity (in thousands, except per share data): RSUs RSAs Number of Weighted- Number of Weighted- Unvested as of December 31, 2022 30,322 $ 48.73 500 $ 52.55 Granted 7,124 $ 36.35 — — Vested and released (2,911) $ 48.18 (75) $ 50.75 Cancelled (579) $ 53.00 — — Unvested as of March 31, 2023 33,956 $ 46.11 425 $ 52.99
Schedule of Measured Based on an Average of Our Stock Price	The CEO Long-Term Performance Award is divided into seven performance periods that are eligible to vest based on the achievement of various Company Stock Price Hurdles, measured based on an average of our stock price over a consecutive 90-day trading period applicable to the performance period as set forth below. In addition, Mr. Baszucki must remain employed as our CEO through the date a Company Stock Price Hurdle is achieved in order to earn the RSUs that relate to the applicable Company Stock Price Hurdle. Company Stock Number of RSUs Performance 1 $ 165.00 750,000 2 years 2 $ 200.00 750,000 3 years 3 $ 235.00 2,000,000 4 years 4 $ 270.00 2,000,000 5 years 5 $ 305.00 2,000,000 5 years 6 $ 340.00 2,000,000 5 years 7 $ 375.00 2,000,000 5 years

Basic and Diluted Net Loss Pe_2

Basic and Diluted Net Loss Per Common Share (Tables)	3 Months Ended
Basic and Diluted Net Loss Per Common Share (Tables)	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Net Loss Per Share	The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data): Three Months Ended March 31, 2023 2022 Basic and diluted net loss per share Numerator Consolidated net loss $ (269,948) $ (162,020) Less: net loss attributable to noncontrolling interest (1,635) (1,818) Net loss attributable to common stockholders $ (268,313) $ (160,202) Denominator Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted 606,637 588,521 Net loss per share attributable to common stockholders, basic and diluted $ (0.44) $ (0.27)
Schedule of Antidilutive Securities	The potential shares of common stock that were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive are as follows (in thousands): As of March 31, 2023 2022 Stock options outstanding 49,148 58,685 RSUs outstanding 33,956 14,489 2020 ESPP 1,864 1,475 Stock warrants outstanding 264 294 RSAs outstanding 425 436 Total 85,657 75,379

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands		3 Months Ended			12 Months Ended
		Mar. 31, 2023 USD ($)	Sep. 30, 2022	Mar. 31, 2022 USD ($)	Dec. 31, 2021	Jan. 31, 2023 robux	Jan. 31, 2022 robux	Jan. 30, 2022 robux
Disaggregation of Revenue [Line Items]
Average lifetime of a paying user		28 months	28 months	25 months	23 months
Decrease in revenue		$ (655,344)		$ (537,134)
Decrease in cost of revenue	[1]	$ (151,841)		(135,632)
Developer Exchange Program, minimum virtual currency earned requirement \| robux						30,000	50,000	100,000
Service Life
Disaggregation of Revenue [Line Items]
Decrease in revenue				(82,500)
Decrease in cost of revenue				$ (19,600)

[1]Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety.

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Revenue Disaggregated By Geography (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 655,344	$ 537,134
Revenue Benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 655,344	$ 537,134
Revenue Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	100%	100%
Revenue Benchmark \| United States and Canada
Disaggregation of Revenue [Line Items]
Revenue	$ 425,763	$ 356,656
Revenue Benchmark \| United States and Canada \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	65%	66%
Revenue Benchmark \| Europe
Disaggregation of Revenue [Line Items]
Revenue	$ 118,530	$ 99,202
Revenue Benchmark \| Europe \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	18%	18%
Revenue Benchmark \| Asia-Pacific, including Australia and New Zealand
Disaggregation of Revenue [Line Items]
Revenue	$ 65,128	$ 45,990
Revenue Benchmark \| Asia-Pacific, including Australia and New Zealand \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	10%	9%
Revenue Benchmark \| Rest of world
Disaggregation of Revenue [Line Items]
Revenue	$ 45,923	$ 35,286
Revenue Benchmark \| Rest of world \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	7%	7%
Revenue Benchmark \| U.S \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	61%	62%

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Deferred revenue, revenue recognized	$ 562.7
Revenue Benchmark \| Durable virtual items \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of revenue	90%	90%
Revenue Benchmark \| Consumable virtual items \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of revenue	10%	10%

Leases - (Details)

Leases - (Details) $ in Millions	3 Months Ended
Leases - (Details) $ in Millions	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Apr. 30, 2023 USD ($)	Feb. 11, 2023 ft²
Sub-Lessee Agreement
Area of real estate property \| ft²				179,496
Lessee term of contract				7 years
Sub-Lessee Agreement \| Forecast
Lessee, Operating lease Payments		$ 85.6
Sub Lessor Agreement
Area of real estate property \| ft²				78,911
Lessor term of contract				4 years
Asset impairment charges	$ 7
Operating lease, impairment	4.8
Property, plant, and equipment, impairment	$ 2.2
Sub Lessor Agreement \| Subsequent Event
Lessor, Operating Lease, Payments to be Received			$ 22.2

Cash Equivalents and Investme_3

Cash Equivalents and Investments - Schedule of Cash Equivalents and Short and Long-Term Investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 2,816,745
Gross Unrealized Gains	1,994
Gross Unrealized Losses	(2,569)
Fair Value	2,816,170
Cash Equivalents	552,379
Short-Term Investments	1,412,862
Long-Term Investments	850,929
Level 1
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,740,403	$ 1,903,880
Gross Unrealized Gains	1,250	0
Gross Unrealized Losses	(331)	0
Fair Value	1,741,322	1,903,880
Cash Equivalents	467,632	1,903,880
Short-Term Investments	874,957	0
Long-Term Investments	398,733	0
Level 2
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,076,342
Gross Unrealized Gains	744
Gross Unrealized Losses	(2,238)
Fair Value	1,074,848
Cash Equivalents	84,747
Short-Term Investments	537,905
Long-Term Investments	452,196
Money market funds \| Level 1
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	308,160	1,903,880
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	308,160	1,903,880
Cash Equivalents	308,160	1,903,880
Short-Term Investments	0	0
Long-Term Investments	0	$ 0
U.S. Treasury securities \| Level 1
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,432,243
Gross Unrealized Gains	1,250
Gross Unrealized Losses	(331)
Fair Value	1,433,162
Cash Equivalents	159,472
Short-Term Investments	874,957
Long-Term Investments	398,733
U.S. agency securities \| Level 2
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	488,688
Gross Unrealized Gains	154
Gross Unrealized Losses	(147)
Fair Value	488,695
Cash Equivalents	34,945
Short-Term Investments	370,108
Long-Term Investments	83,642
Foreign government securities \| Level 2
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	14,150
Gross Unrealized Gains	40
Gross Unrealized Losses	(74)
Fair Value	14,116
Cash Equivalents	0
Short-Term Investments	0
Long-Term Investments	14,116
Certificates of deposits \| Level 2
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	12,741
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	12,741
Cash Equivalents	0
Short-Term Investments	12,741
Long-Term Investments	0
Commercial paper \| Level 2
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	183,892
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	183,892
Cash Equivalents	49,802
Short-Term Investments	134,090
Long-Term Investments	0
Corporate debt securities \| Level 2
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	376,871
Gross Unrealized Gains	550
Gross Unrealized Losses	(2,017)
Fair Value	375,404
Cash Equivalents	0
Short-Term Investments	20,966
Long-Term Investments	$ 354,438

Cash Equivalents and Investme_4

Cash Equivalents and Investments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Short-term debt investments contractual maturities period	1 year
Minimum
Debt Securities, Available-for-Sale [Line Items]
Long-term debt investments contractual maturities period	1 year
Maximum
Debt Securities, Available-for-Sale [Line Items]
Long-term debt investments contractual maturities period	3 years

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 11, 2022	Apr. 01, 2022
Byfron Technologies, LLC
Business Combination and Asset Acquisition [Line Items]
Purchase price	$ 9,603
Cash holdback	$ 2,000
Holdback period	18 months
Founder service arrangement, amount	$ 9,600
Business combination consideration service period	3 years
Business combination research and development expense acquire, period of recognition	3 years
Payment of cash to acquire business	$ 7,603
Hamul, Inc.
Business Combination and Asset Acquisition [Line Items]
Purchase price		$ 19,323
Payment of cash to acquire business		9,185
Business combination unrecognized share based combination acquiree		$ 7,600
Business combination unrecognized share based combination acquiree period of recognition		3 years
Hamul, Inc. \| Common Class A
Business Combination and Asset Acquisition [Line Items]
Business combination equity issued (in shares)		385,093
Business combination fair value of equity issued or issuable		$ 4,000

Acquisitions - Schedule of Aggr

Acquisitions - Schedule of Aggregate Purchase Consideration (Detail) - USD ($) $ in Thousands	Oct. 11, 2022	Apr. 01, 2022
Byfron Technologies, LLC
Business Acquisition [Line Items]
Cash paid	$ 7,603
Cash holdback	2,000
Total purchase price	$ 9,603
Hamul, Inc.
Business Acquisition [Line Items]
Cash paid		$ 9,185
Common stock issued		4,009
Replacement awards attributable to pre-acquisition service		6,129
Total purchase price		$ 19,323

Acquisitions - Schedule of Fair

Acquisitions - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Oct. 11, 2022	Apr. 01, 2022
Business Acquisition [Line Items]
Goodwill	$ 134,335	$ 134,335
Byfron Technologies, LLC
Business Acquisition [Line Items]
Cash and cash equivalents			$ 380
Goodwill			3,882
Identified intangible assets			5,500
Other assets			169
Other current liabilities			(328)
Total purchase price			$ 9,603
Hamul, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents				$ 3,020
Goodwill				12,382
Identified intangible assets				4,500
Deferred tax liabilities				(579)
Total purchase price				$ 19,323

Acquisitions - Schedule of Acqu

Acquisitions - Schedule of Acquired Finite-Lived Intangible Assets by Major Class (Details) - USD ($) $ in Thousands	Oct. 11, 2022	Apr. 01, 2022
Byfron Technologies, LLC
Business Acquisition [Line Items]
Identified intangible assets	$ 5,500
Byfron Technologies, LLC \| Developed technology
Business Acquisition [Line Items]
Identified intangible assets	$ 5,500
Estimated Useful Life (Years)	5 years
Hamul, Inc.
Business Acquisition [Line Items]
Identified intangible assets		$ 4,500
Hamul, Inc. \| Developed technology
Business Acquisition [Line Items]
Identified intangible assets		$ 4,500
Estimated Useful Life (Years)		5 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 134,335
Additions from acquisitions	0
Ending balance	$ 134,335

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	$ 83,059	$ 82,559
Accumulated Amortization	(32,893)	(28,415)
Total remaining amortization	50,166	54,144
Developed technology
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	72,559	72,059
Accumulated Amortization	(27,860)	(24,240)
Total remaining amortization	44,699	47,819
Assembled workforce
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	10,000	10,000
Accumulated Amortization	(4,875)	(4,042)
Total remaining amortization	5,125	5,958
Trade name
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	500	500
Accumulated Amortization	(158)	(133)
Total remaining amortization	$ 342	$ 367

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 0.6		$ 0.6
Amortization expense	$ 4.5	$ 3.8

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Expected Future Amortization Expenses Related to the Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 13,687
2024	16,780
2025	14,036
2026	4,613
2027	1,050
Thereafter	0
Total remaining amortization	$ 50,166	$ 54,144

Other Balance Sheet Component_2

Other Balance Sheet Components - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Balance Sheet Components [Abstract]
Prepaid expenses	$ 48,054	$ 45,173
Accrued interest receivable	8,751	6,026
Other current assets	19,502	10,442
Total prepaid expenses and other current assets	$ 76,307	$ 61,641

Other Balance Sheet Component_3

Other Balance Sheet Components - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 996,762	$ 859,128
Less accumulated depreciation and amortization	(308,421)	(266,782)
Property and equipment—net	688,341	592,346
Servers and related equipment and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	861,377	741,418
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	34,931	23,647
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	476	446
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	87,251	69,311
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 12,727	$ 24,306

Other Balance Sheet Component_4

Other Balance Sheet Components - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Balance Sheet Components [Abstract]
Depreciation and amortization expense of property and equipment	$ 42.9	$ 20.7

Other Balance Sheet Component_5

Other Balance Sheet Components - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Balance Sheet Components [Abstract]
Accrued operating expenses	$ 87,972	$ 80,122
Short term operating lease liabilities	81,282	73,235
Accrued interest on the 2030 Notes	16,146	6,458
Taxes payable	47,479	49,361
Accrued compensation and other employee related liabilities	5,197	21,003
Other current liability	9,873	5,827
Total accrued expenses and other current liabilities	$ 247,949	$ 236,006

Debt - Additional Information (

Debt - Additional Information (Details) - 2030 Notes - USD ($) $ in Millions	Oct. 29, 2021	Mar. 31, 2023	Dec. 31, 2022
Level 2
Short-term Debt [Line Items]
Debt instrument, fair value disclosure		$ 857.5	$ 788.2
Unsecured Debt
Short-term Debt [Line Items]
Debt instrument, aggregated principal amount	$ 1,000
Interest rate	3.875%
Proceeds from debt, net of issuance costs	$ 987.5
Unamortized issuance costs	$ 12.5
Effective interest rate		4.05%
Unsecured Debt \| Redemption Period, at Any Time Prior to November 1, 2024
Short-term Debt [Line Items]
Percentage of principal amount of debt redeemed (up to)	40%
Debt instrument, redemption price, percentage	103.875%
Debt instrument, redemption terms, threshold percentage of principal amount outstanding	50%
Debt instrument, redemption terms, period	180 days
Unsecured Debt \| Redemption Period, at Any Time Prior to November 1, 2024
Short-term Debt [Line Items]
Debt instrument, redemption price, percentage	100%
Unsecured Debt \| Redemption Period, in Connection with Tender Offer
Short-term Debt [Line Items]
Debt instrument, redemption terms, percentage of outstanding debt hold by lender (no less than)	90%
Debt Instrument, redemption terms, period following purchase date (not more than)	30 days
Unsecured Debt \| Redemption Period, in Connection with Tender Offer \| Minimum
Short-term Debt [Line Items]
Debt Instrument, redemption terms, prior notice period	10 days
Unsecured Debt \| Redemption Period, in Connection with Tender Offer \| Maximum
Short-term Debt [Line Items]
Debt Instrument, redemption terms, prior notice period	60 days
Unsecured Debt \| Redemption Period, Certain Circumstances Involving Change of Control Event
Short-term Debt [Line Items]
Debt instrument, redemption price, percentage	101%

Debt - Schedule of Debt Instrum

Debt - Schedule of Debt Instrument Redemption (Details) - 2030 Notes - Unsecured Debt	3 Months Ended
	Mar. 31, 2023
2024
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	101.938%
2025
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	100.969%
2026 and thereafter
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	100%

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - Unsecured Debt - 2030 Notes - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal	$ 1,000,000	$ 1,000,000
Unamortized issuance costs	(10,692)	(11,016)
Net carrying amount	$ 989,308	$ 988,984

Debt - Schedule of Interest Exp

Debt - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Instrument [Line Items]
Total interest expense	$ 10,012	$ 9,999
2030 Notes \| Unsecured Debt
Debt Instrument [Line Items]
Contractual interest expense	9,688	9,688
Amortization of debt issuance costs	324	311
Total interest expense	$ 10,012	$ 9,999

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail)	3 Months Ended
Stockholders' Equity - Additional Information (Detail)	Mar. 31, 2023 vote $ / shares shares	Dec. 31, 2022 $ / shares shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	5,000,000,000	5,000,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100,000,000
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Common Class A
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	4,935,000,000	4,935,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Common stock, number of votes per share \| vote	1
Common Class B
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	65,000,000	65,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Common stock, number of votes per share \| vote	20
Common Class B \| David Baszucki Founder
Class of Stock [Line Items]
Number of Class B common stock converted into Class A common stock (in shares)	1,300,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Future Issuance (Detail) - shares shares in Thousands	Mar. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	196,023	165,630
Stock options outstanding
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	49,148	51,591
Restricted Stock Units (“RSUs”) outstanding
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	33,956	30,322
Performance Shares \| 2022 Performance Stock Units (“PSUs”)
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	415	415
Performance Shares \| CEO Long-Term Performance Award
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	11,500	11,500
2020 Equity Incentive Plan
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	83,814	59,945
2020 Employee Stock Purchase Plan
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	16,501	11,093
Stock warrants outstanding
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	264	264
Unregistered stock awards (“RSAs”) outstanding
Class of Stock [Line Items]
Common stock shares reserved for future issuance (in shares)	425	500

Stock-based Compensation Expe_3

Stock-based Compensation Expense - Schedule of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 184,904	$ 112,295
Infrastructure and trust & safety
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	18,532	11,356
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	129,257	74,814
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	30,650	20,795
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 6,465	$ 5,330

Stock-based Compensation Expe_4

Stock-based Compensation Expense - Additional Information (Detail) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended
	Feb. 28, 2021 USD ($) tranche $ / shares	Feb. 28, 2021 USD ($) tranche $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($) period $ / shares shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation			$ 184,904			$ 112,295
2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement contractual term			24 months
Plan modification, incremental cost			$ 3,100
2020 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation			$ 7,100			4,600
RSUs outstanding
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (in dollars per share) \| $ / shares			$ 46.11				$ 48.73
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares			$ 36.35
RSUs outstanding \| CEO Long Term Performance Award \| Founder CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of RSUs eligible to vest (in shares) \| shares		11,500,000
Share-based compensation arrangement by share-based payment award, beginning of award performance period, period after effective date		2 years
Share-based compensation arrangement by share-based payment award, number of tranches \| tranche	7	7
Number of consecutive trading days for the stock hurdle price to be achieved			90 days
Share price (in dollars per share) \| $ / shares	$ 165	$ 165
Grant date fair value (in dollars per share) \| $ / shares	$ 20.19	$ 20.19
Unrecognized compensation, equity instruments other than options	$ 232,200	$ 232,200
Allocated share based compensation			$ 12,000			$ 12,000
RSUs outstanding \| Minimum \| CEO Long Term Performance Award \| Founder CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment arrangement, unvested award, period for recognition	3 years 5 months 12 days
RSUs outstanding \| Maximum \| CEO Long Term Performance Award \| Founder CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment arrangement, unvested award, period for recognition	5 years 4 months 17 days
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement contractual term				24 months		24 months
Plan modification, incremental cost				$ 5,100		$ 4,700
Performance-Based Restricted Stock Units (RSUs) \| 2022 PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation			$ 1,000
PSU target number of shares (in shares) \| shares					207,284
Performance stock units, performance period					3 years
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares					$ 43.13
Estimated total share-based payment expense					$ 8,900
Share-based payment award, number of measurement periods \| period					5
Performance-Based Restricted Stock Units (RSUs) \| Minimum \| 2022 PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares earned of the target number of shares					0%
Performance-Based Restricted Stock Units (RSUs) \| Maximum \| 2022 PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares earned of the target number of shares					200%
Stock options outstanding \| 2004 Incentive Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based payment arrangement number of shares available for issuance (in shares) \| shares			0

Stock-based Compensation Expe_5

Stock-based Compensation Expense - Schedule of Company's Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Number of Shares Subject to Options
Beginning balance (in shares)	51,591
Granted (in shares)	0
Cancelled, forfeited, and expired (in shares)	(180)
Exercised (in shares)	(2,263)
Ending balance (in shares)	49,148	51,591
Exercisable (in shares)	40,367
Vested and expected to vest (in shares)	49,148
Weighted- Average Exercise Price (per Option)
Beginning balance, weighted average exercise price (in dollars per share)	$ 2.85
Granted, weighted average exercise price (in dollars per share)	0
Cancelled, forfeited, and expired, weighted average exercise price (in dollars per share)	4.69
Exercised, weighted average exercise price (in dollars per share)	2.61
Ending balance, weighted average exercise price (in dollars per share)	2.86	$ 2.85
Exercisable, weighted average exercise price (in dollars per share)	2.51
Vested and expected to vest, weighted average exercise price (in dollars per share)	$ 2.86
Weighted-Average Remaining Contractual Term (Years)	5 years 9 months 7 days	6 years
Exercisable, weighted-average remaining contractual term	5 years 5 months 26 days
Vested and expected to vest, weighted-average remaining contractual term	5 years 9 months 7 days
Aggregate Intrinsic Value	$ 2,070,340	$ 1,321,183
Exercisable, aggregate intrinsic value	1,714,354
Vested and expected to vest, aggregate intrinsic value	$ 2,070,340

Stock-based Compensation Expe_6

Stock-based Compensation Expense - Schedule of Company's Restricted Stock Units and Unregistered Restricted Stock Awards Activity (Detail) shares in Thousands	3 Months Ended
	Mar. 31, 2023 $ / shares shares
RSUs outstanding
Number of Shares
Beginning balance (in shares) \| shares	30,322
Granted (in shares) \| shares	7,124
Vested and released (in shares) \| shares	(2,911)
Cancelled (in shares) \| shares	(579)
Ending balance (in shares) \| shares	33,956
Weighted- Average Grant Date Fair Value (per Share)
Beginning balance (in dollars per share) \| $ / shares	$ 48.73
Granted (in dollars per share) \| $ / shares	36.35
Released (in dollars per share) \| $ / shares	48.18
Cancelled (in dollars per share) \| $ / shares	53
Ending balance (in dollars per share) \| $ / shares	$ 46.11
RSAs
Number of Shares
Beginning balance (in shares) \| shares	500
Granted (in shares) \| shares	0
Vested and released (in shares) \| shares	(75)
Cancelled (in shares) \| shares	0
Ending balance (in shares) \| shares	425
Weighted- Average Grant Date Fair Value (per Share)
Beginning balance (in dollars per share) \| $ / shares	$ 52.55
Granted (in dollars per share) \| $ / shares	0
Released (in dollars per share) \| $ / shares	50.75
Cancelled (in dollars per share) \| $ / shares	0
Ending balance (in dollars per share) \| $ / shares	$ 52.99

Stock-based Compensation Expe_7

Stock-based Compensation Expense - Schedule of Measured Based on an Average of Our Stock Price (Detail)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company Stock Price Hurdle \| $ / shares	$ 165
Number of RSUs Eligible to Vest (in shares) \| shares	750,000
Performance Period Commencement Dates as Measured from the Effective Date	2 years
Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company Stock Price Hurdle \| $ / shares	$ 200
Number of RSUs Eligible to Vest (in shares) \| shares	750,000
Performance Period Commencement Dates as Measured from the Effective Date	3 years
Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company Stock Price Hurdle \| $ / shares	$ 235
Number of RSUs Eligible to Vest (in shares) \| shares	2,000,000
Performance Period Commencement Dates as Measured from the Effective Date	4 years
Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company Stock Price Hurdle \| $ / shares	$ 270
Number of RSUs Eligible to Vest (in shares) \| shares	2,000,000
Performance Period Commencement Dates as Measured from the Effective Date	5 years
Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company Stock Price Hurdle \| $ / shares	$ 305
Number of RSUs Eligible to Vest (in shares) \| shares	2,000,000
Performance Period Commencement Dates as Measured from the Effective Date	5 years
Tranche Six
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company Stock Price Hurdle \| $ / shares	$ 340
Number of RSUs Eligible to Vest (in shares) \| shares	2,000,000
Performance Period Commencement Dates as Measured from the Effective Date	5 years
Tranche Seven
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company Stock Price Hurdle \| $ / shares	$ 375
Number of RSUs Eligible to Vest (in shares) \| shares	2,000,000
Performance Period Commencement Dates as Measured from the Effective Date	5 years

Joint Venture - Additional Info

Joint Venture - Additional Information (Detail) - Roblox China Holding Corp $ in Millions	1 Months Ended
	Feb. 28, 2019 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	51%
Songhua River Investment Limited
Schedule of Equity Method Investments [Line Items]
Minority interest percentage in joint venture	49%
Songhua River Investment Limited
Schedule of Equity Method Investments [Line Items]
Contribution by non controlling interest to the joint venture	$ 50

Basic and Diluted Net Loss Pe_3

Basic and Diluted Net Loss Per Common Share - Schedule of Calculation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator
Consolidated net loss	$ (269,948)	$ (162,020)
Less: net loss attributable to noncontrolling interests	(1,635)	(1,818)
Net loss attributable to common stockholders	$ (268,313)	$ (160,202)
Denominator
Weighted-average common shares used in computing net loss per share attributable to common stockholders, based (in shares)	606,637	588,521
Weighted-average common shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	606,637	588,521
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ (0.44)	$ (0.27)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ (0.44)	$ (0.27)

Basic and Diluted Net Loss Pe_4

Basic and Diluted Net Loss Per Common Share - Schedule of Antidilutive Securities (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in share)	85,657	75,379
Stock options outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in share)	49,148	58,685
RSUs outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in share)	33,956	14,489
2020 ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in share)	1,864	1,475
Stock warrants outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in share)	264	294
RSAs outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in share)	425	436