Roblox (RBLX) 10 Aug 222022 Q2 Earnings call transcript

Good morning. My name is Dennis, and I will be conference operator today. At this time, I would like to welcome everyone to the Roblox Second Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. now Director turn of would to conference I Notaney, Stefanie Financial Instructions] like the to over [Operator Communications. Please go ahead.

Good joining our QX thank CFO, Mike you to Baszucki, CEO, and me Roblox's Roblox's With XXXX morning, discuss results. and is Dave Guthrie. Q&A everyone, session today for

make yesterday call, website letter your brief we results and the some Before that on I we at we reserve close, our of to want market start, Relations ir.roblox.com. questions. earnings this On published will everyone Investor and rest remarks remind after a opening shareholder the for time

For questions where our please you as possible question to We'll the screen, in the call, business have be strategy. type best to, our icon questions. the allotted may statements, in your but at webcast participants, can do future today's business your and many bottom as and of our our note On today. financial not we including, we results financial expectations limited forward-looking making time of take

statements in XX-K SEC first uncertainties to included those March in our subject risk from could our and including materially differ cause our actual described results our Forward-looking risks forward-looking risks that are to in such filed described XXXX. statements, for filings, Form our and ended are XX,

rely forward-looking except as statements, not as predictions law. any any update of forward-looking should on You statements disclaim required our to future events. obligation We by

it shortly be is our that, to supplemental Reconciliations Investor non-GAAP turn as afterwards. being reported measures. it archived yesterday our found certain on slides During copies in webcast, release results website. Relations in discuss found on between and website of as this be press non-GAAP well call, This will we which for With our Dave. can over I'll financial GAAP our be metrics call our will also and issued can

In QX, peak investors, quick take which want and And across highlights month month We had with Roblox share and and July solid the Thank all of to community. to a questions. COVID this times. followed biggest year-on-year. in DAUs across I were $XX.X you, of history, this up welcome I including and across peak July, share engagement with up to year-on-year market that, engagement I'll year-on-year we'll the demographics. engagement included then a and absolutely and XX% was DAUs highlights. regions and And XX% our X.X then whole in welcome bookings we core Roblox's highlight was growth hours XX% a a few peak US our July, want hours this year-on-year. also few July. up platform, up XX% our year-on-year were XX% up million, billion and the hours our up Canada

content amazing the we X% accelerating and than by and to up continue finally, users our become the harbinger booking, year-on-year. up And in the continued greater we roughly potential of year-on-year size growth platform prevalent. June more which see on community We year-on-year technology optimistic. innovation as our this up XX continue DAUs, X% why were globally amazing and XX% market is This and and XX% is then be over This July XX side. exited on good to to of so bookings, powered a

community approaching that over under XX are On the million experiences experience and gained producing our than content with players X,XXX is month XX% side, year-on-year. our with more XX hours we X per developer over XX% of developers up top our

saw since visits last to Wimbledon getting of million was experiences XX traditionally with roadblocks from XX had since We side-by-side, March. June, that the artist shared experiences highlight Town, visits the Tommy I the our I'll see has Gucci on this which continue with to Tommy of more platform. WimbleWorld we we a over We over are that million and to And where been going our pass cohort self-served. Play released and brand including some to in appearances. through space which more amazing these great cohort released, quarter, brands X point want size. persistent Island Spotify XX XX with through is are is X Hilfiger our highlight

our the growth, translation including Now of developers size ages. the amazing is measurable, again, is is speed improvements even our in amazing viral of in and cohort powered to raw some great community might our personalization including XX app things noticeable, addition that our and game all supported quality including once discovery of our by XX larger. to signal across to innovative search This a of potential ratably as this market being and and But the by mobile our tech, that occur our system, is joins not which and and the such performance. iterative be Roblox's is content system,

just the highly first across to a avatars On very layered the is system platform. our step personalized side, vision clothing

voice out how the a is great our of material platforms Roblox. developers in a step next our of taking will on feel. really And future realistic Our the system and rolling system sign like physically-based widely is as is look Roblox communicate by and to more people acclaimed

to advertising do our continue Finally, out this a year. we immersive later I sometime highlight systems, to system want on to rolling monetization expect that innovative, work and native be of test we immersive

our notice You'll announcement, in making investments are we infrastructure. in

in a active I to we cost our the infrastructure the want building including that performance reliability, with performance contributes performance growth infrastructure leading world. data an of are and we're center And around deployed worldwide India. highlight example to recent We

in to great did questions. that, on your bring the into continue we will move and to you. hire to talent continuing rate about company. we are same optimistic With we Thank HX at Finally, the

ahead. Drew from you. first Instructions] Thank go we'll And [Operator go to Stifel. Please Crum

guys, Okay. morning. Hey, Thanks. good

remind relative then on I segment. how a Roblox and So in preamble, in others to in us you platform? Canada letter cohort XX- your noted follow-up. growth And Can demographic and monetizes have Dave, the you your the that fastest shareholder your this US was XX-year-old to

Hey, Drew, it's Mike.

in getting monetizing into US, actually the core in our the of slightly In the this last XX we a demo. XX-year-old just was ahead Just measured X has July, historically per been our to and demographic, -- basis peak numbers. of bookings to cohort that month hour the age which on XX-

we've that become expected better, they Now certainly would monetize over the more that. Over market, spend who prominent users we July. have that direct their in we would the and saw in older time, say control more

And more question. Got Dave, it. Thanks, Mike. broad then, maybe

the mobile during economic a several During free-to-play Roblox weakness? what on should period being this cycle, with model, a your thoughts business video Thanks. perform game of current have earnings across trends how cited gaming weaker publishers are

even together, want game educational is things platform. one and be platform, experience is we're on together, a future human people come about starting I of not we're to of highlight Yeah. Roblox to to to game to not lot what do We're the socialize. really a to we're And experiences. wonderful people supporting connect, a Roblox see

been immune economic types traditionally cycles. of i.e., have these to We neutral,

We relatively through before, these have We've been economy. been robust a cycles immune them. and to we've

next to go ahead. move JPMorgan. at Please David We'll Karnovsky

impacting later some you follow-up, this test to older as might for chat, the how are question. the you mentioned Thanks for ongoing it wonder and responding Hi. if of be rollout developers And a players the advertising cohorts. year. frequency voice could a discuss how then of just and I that just

on investors and of the that you rollout be wondering update longer able could scope Just if when that there? or potentially of kind for you expand the what might implies to on opportunity

Roblox since we run to with values and our want the here. highlight consistent safety way days, the I Yeah. priority instabilities high early

rolled using out with can measure We players are validated we're partially rolling aperture. opening now people the is that increased from with It and voice. voice which IDs engagement out. older We

we're been there. brand of around both well The happening immersive a as what's as so very for time, has about and vision performance this opposite And long advertising. is advertising

optimistic rolling a when of be just And tests these there's immersive to -- scale less out that see lot across friction XD a the going we would ads, it's of billboard appropriate it's are which lot we in example, lines. ultimately less can the some world in an a real like is brands go both along the which performance for in notion space, in now way directly all to we advertising, XD We will appropriate partners case our to want one also experiences else's – someone that of be establishing marketing, Roblox. a we that brands for presence But we're experience. these the also able for on brand to Roblox of see many people from

gentle love idea potential optimistic the and a healthy in very complementing of an So additional economy we're our way, with revenue already we source. about really this,

you. Thank

We'll to BTIG. Clark go with Please move ahead. Lampen next

about a you're you CapEx of sort and a appreciated. differently And aging in lot the color guys provide Mike, versus seeing I Any wanted DAUs and appreciated. infrastructure that trends you then made Could to morning. could success are engaging back really engagement. of cash can hardware? Good would a of younger we they of in passively this Are beyond? over us success and give sort Thanks. more Is just see spending projects? something would XXXX time are or more signs because be can are seeing be sense they ones? lot. is sense this the around give using into Could of users a XXXX out, of balance you XX-plus you we or of just or year. different that those experiences endeavor, sort investment say CapEx comments with to a Thanks of both monetizing some flow different given us stretching you users aggregate terms with for how Anything the come

that, than start players. experiences I platform, XX more noted XXX and X,XXX our off XX the up have on now I'll players top experiences. Yeah, on under the

Our and The size based their and the teams they're sophistication, quality tool we And the infrastructure. older getting top and that can in developer are experiences content very more is targeted responsive. as those players. our on of our thousands community heavily amazingly better, that as better creating see of to more set well their is both

be developers games. our We we we to those our highlight that with that a have way any very given with the Robotics as to vision a be educational pipeline of beyond are use ultimately, across things do in So are using partners to to physical know music I a including like go are for build kits. right market, who for healthy goes of aligned can through concerts respond We people our COVID, want First fund. And this size with playing see for can't experiences. like robots addition, all can communication Roblox And types Roblox developer midst getting the platform launch like coming our players now of experiences in of example, of ready people economy, to we tool the together together. when platform a now, experiences brand as partners for the they partners, older people physically. to game our want way the together might seeing

vision platform. see across difference, bigger the as this a you the patterns lot use So we there's note, of than play. is And category correctly of the

And of Clark, across year. CapEx will next be balance and year this spread the

we'll spend, back investing Timing by But our view – year, get have we we economical to base across the even just user productive it more rough incredibly give infrastructure. driven desire the a we'll incremental but be and for looked partially more of spend in in periods. a a So, growth definitely certainly in what infrastructure both half of it of like estimate substantial and to is XXXX. as

performance, more reliable, us. and more So, efficient for more

Thank you.

to at Cost Please Morgan ahead. go Matthew Stanley. move We'll next

Thanks question. for the taking Great.

for July. just a some key Dave, about positive drove letter the and one there's language for Dave, Mike. So, investments one product for initiatives impact that in

for You more think Thank on remarks, you most infrastructure? I give here the for and how touched the detail in pathway July? hires we as should about then specific it in margins think just just were products wondering new Mike, to about the invest impactful wonder And any for continue if what from you. but prepared could you you

Yes.

our of content content, then is powered community I with loop by and is which product, measured early all are the core by technology, growth by the great our Our the coupled things viral with of a virality signals. created innovative

avatars our sorted that hyper-personalized community. you Our more layered might look towards by various be of like more clothing signal styles and system is an creator are early might that

experience. can we roll again, So we this people using more visionary iterative There Roblox once see a covers are and coupled on would voice, a constant And potentially improvements with type highlight quickly as out. join is the we're under the raw how step. more you working long-term, on voice on, performance, first this also

our share publicly was could stop continues see that things but And until other performance, app things we’re simulated as we our can these photorealism translate our game and working growth we We've concert said We a we up all contributing go on. discovery. big see can have system. a be at see We We So some to lot down mobile visionary to Day, engine can audio product pipeline. search We'll there see performance. and raw Investor stack, in this real-time supporting of we're of video. in doesn't XX,XXX-person really and the forward. at

So a this in innovation runway huge there's for technical space.

question then, And asked about margins. a Matthew, you

So I another comment then want here. and let address me make that, to

-- we What those to steady-state And found tended COVID, we’ve to we And economics scaling at basically the which run chosen that enormous saw we we developer of prior we in really difficult see the that us, in to was are invest. incredibly high During in ROI, sort margins XX% to almost to growing so the COVID, pretty as it's pushing people, that invest in consistently. top back is were our for so hiring the of the in ourselves very margins time margins we But peak up margins community, and not is and look scaled in do more the Obviously, period, we're EBITDA clear amount of investing infrastructure. has things the for down. during we business going clearly line suspect doubled, move the when during the an saw comparisons quickly now that great the mid-teens, bring line opportunity started out rate that range. really to dealing hopefully, COVID bearing we're comparisons, to have and get that we've the as for we'll allow flattened that line and we so investment non-COVID or EBITDA see the we'll to top XXXX and will we margins a grow no coming long continue again. run incredibly at and a dealing do or that continue I What's and our no we're longer and to investments into Today been fruit consistent the healthy and in consistent economics liquidity produce are the today, unit as us that. to pick margin. is around. longer to that start up with COVID top that

infrastructure however, year. continue We will, next in to invest

up overall, So we'll free cash a flow will think, make I we'll healthy operating place. future. margins one to just will the be and margins, be in continue comment. I down, back go want quick but But to invest for

your tracking were worked -- expect retention dilution saw clear really drive with new we this coming, of we'll latter. and continue plan. team We background. management -- said we scrutiny. dilution and had good You we've on scrutiny in spending morning, really removing plans this executives, maybe risk you to here recruiting been higher as share note from just a you've We've side X%. clear news of elevated SBC will on operating that Board. in We've that our as the got shareholders the been is just you I the keep our would been table. The the under time amount and enormous structuring compensation we're our an of We this

who the a on any And call. shareholder are so dilution-sensitive we is out there as

that. We're to dilution to talent. our going than X% keep continue we're and a bit to compensate and we're and also people even to little do great going the under recruit So going to hopefully it continue better watch

be should concern So or there. I don't there undue any speculation think

ahead. Bank next Please move We'll Dessouky with to America. of go Omar

Hi, guys.

Okay.

will number launch, that your give coming number the of adoption an still to of yet clothing case. purchases in a at will the of layer purchases be three, please back items when the large, GDC. the was two, and layer layer that I me clothing of question among showed I is level that not community XD after whether And number XD layered items follow-up had to after that. have players, and ask a creation update shortly wanted And large, existing clothing you clothing did clothing March, you have can XD at community So be its one. do at on you cannibalize you and of XD for the the to coming the sense

is and then piece go Mike of ultimately on The I'll and that well, you'll is going if our every community. all step clothing and community. full by of this at RTDs everything through see that created where back every is by going, highlight platform every just I'll bring see it's floating the has rolling will transition themselves head, almost by and avatar and out around on Taking to you're this a about Avatars peaking of was vision where new numbers that. circle Historically, us the created see amazing created is made the look. an one being Roblox, final that we're the

situation So is very as hyper-realistic just It this a viewed not a looks where has necessary here. as everyone cannibalization as future that is future are the the avatar. them. is like And much optimistic we

clothing You ways ML, future, our there's using in a can interesting exciting might ways including that developers and and in a community. more a imagine the avatars, by on we'll coupled all a avatar, the lot device build with themselves, is build using of using we lot more camera of created

ultimately, numbers And any right clothings, be an will but create using layered painting XD vision. our if of be using don't users our platform is users I but clothing. than long-term we clothing of expect XXX% So clothings. there be on Mike, on clothing. direction. to the traditional sharing rather will we to XD adoption, all are know, Ultimately, big it on clothing this the be will the is still XD It the for opportunity

Yeah.

would quick I a give and you just trends. some couple So numbers of

I think good most it's important that's the a question. thing, but

users of item. those And a it as they acquired behave. how and to look being layered to spend. And clothing June XX, users we So seen we've had over XXX at clearly million robust economic actually had test the bookings doing we've of output that been accretive and

give and that far, within early part data base we'll becomes a does are of of business. and more levels indications But the user the bigger adoption So that items. performance so the as high bigger high acquire the

same bit dynamic the emotions also the the sort Can little I of Will like? you beyond guess, a and kind animated would curated a available you And of buying? released idea by of in of dynamic what is buyers And be point at Okay. exactly June. store buy the subset I is of, with information. faces? Roblox their heads heads monetization of fourth that the community new on then end said, exactly heads an be heads for a the was of Thank -- which on along dynamic of towards wondering, release I you topic, the avatar us some you. creators, believe, in give what heads sale the quarter, are that developed plan users Will there? in will

Yes.

like have big you personalized on meetings We but to absolutely heads check immersive more foremost, our our users technology ultimately bookings lip of Dynamic tracking and the very sync the of tend faces developer the done actually and who pre-canned animated called engagement, The year avatars in optionally the emotes create, really those head will the experiences on ultimately is of addition I've more going take in the be a always retention syncing. is to this And the better. and part a It's it towards your occur to Lumi opportunity to bookings really engaging way. ago, first the your various and animation shared frequency this. our get; step expect visionary we like a more of of for can about on so and is full the where and heads going. camera all and choose platform, per long emojis animate next this. and and one Let's future with to really demos and avatars better and Because simple to in be is have the out this think acquired making this those actually or in a on that, of the We ability with engagement company to One they types we steps. things device their top. And vision use rollout term, hour, of themselves, drives here. the that. having step over we scale demos tooling.

primarily not as much we're marketplace. want think, I -- that opportunity in huge I time, the our there dynamic So, highlight we're to same at for is about And heads thinking long you in of going dimensions. it's both as increasing on to anything that? then, know, I this term And positive be if share Mike, don't engagement. want But to top overall

we we'll think, this at report month. more data have next I No, on Day more Investor touch as and maybe

very Got it. much. Thanks

Thanks, Omar.

Bernie next go Company. McTernan Needham move We'll ahead. to at & Please,

if Thanks you just to search start, questions. for Maybe the product about improvements discovery. to Great. talk the could and taking

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that And the comp. what you've weekday engagement usage, in versus usage seeing spoken versus weekday as about follow-up, at Thank able confidence peak just you. past, the grow now you're COVID Understood. tough that the a weekend following weekend you're again? to in about gave just talk Can to you you be and then for

as using not our on users has to healthy that through weekdays day it's aren't be or want weekend. opportunity, a tool. our there in most growth traditional every lot there's predicated Even communication just cohorts, Roblox so headroom much that XX, of long-term I Roblox nine given long-term which Canada would in US, a highlight

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can XX. XXX through through you that than XX the cohorts, in up XX cohort growth and and much is rates cohort see, the As XX of larger to of our XX nine

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peak growth XX at daily US bookings now the are bases. of to in we and So, on XX levels to users cohorts XX active to and XX-year all from those the engagement nine and in XX, benefiting in user older

So we're in a basis. absolute great position. We're finally an now on

We've, growing of on absorbed. that we're the benefited during were majority it, obviously, now retained of really that from across we of top demographics. vast COVID all age growth where on that Now all and

on that's well. as Tuesdays, Fridays So Wednesdays Saturdays true and and

and hopefully, comparisons we're here our with if think So soon. yeah, helpful -- done I COVID more lives be will go stay we less on living or pretty all

both. Great. you Thank

Thanks.

to We'll go Sachs. Sheridan move Please ahead. at Eric next Goldman

bit advertisers much see little so of look the couple how output we relationships years? Thanks of the both thinking Thanks side out with investments next advertising revenue we as And to as you talk over question. Maybe advertising of building much. make so on what should about for that you're side, and the what taking some on means the a as sure be of the about building another monetization.

brands new developers Yeah. new within interact I want monetize people with range music, our people for interact beauty, on people experiences. as opportunity to with the traditional even highlight creating games of as platform and who people well things developers to to and potentially a with for to are experienced establishing experiences are our platform, those interact both with to on wide presence interact who clothing,

most bring test? So do one Imagine our experience? million traditionally, more And get been popular players reliably this it in to town brand is boost you pop to I jump free over brands Roblox more, something immersive, use stop how or we pop-up that a to opportunity users have lot choose for of will portal square one to in these wonderful by, do do to experiences. pop-up the experienced or How our a non-intrusive experience the are I the able at pick I had they're that up do our merchant traffic door, Imagine how of a a name native playing. advertising back to whether developers my saying, new, experience How and do some I platform. experience? partner AAA one back, small get to be and and this experiences, of

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in positive advertising. been some the And it advertising. type way we it because said friction a of way doesn't other types experiences. will user always add in I and that of a our of this complement exciting visionary it So will before, last like a It's fun has believe get or

question question? your that the ended we internally up part you of Is covering up to And scaling team brands? on, the last your are the

things, two Mike, finish. I'll then maybe take Yeah, and

notion things. Roblox has difficult self-service more bespoke than built that building always its at are And powered foundation the We is to build is self-service. what we traditionally

platform self-service self-service be Roblox's product is amazing success complemented will advertising direction our Our are but brands. also this experienced system be we will for creators. it by for a The

a team. It's great scaling. have We

with working platform. our people form platform. who amazing exploring will a advertising in Hilfigers the to this be the team. And the It to are people help we and it have to building us Gucci team Tommy are doing this of be team, and who new amazing We self-service consultative will expect to brand sales a not continue

overall just do going that's see at talking in for brand been very Yes, in a discussions ways. add, platform of while. about I'd just place thing it is engagement above it while. a organization These brands with a sales have is beyond on been And strategic. immersive we multiple with been the our on benefit for we've quite And and really

us heard this before. talk about You've

brands really to We've is more these We incredibly our not too high-quality a on less medium, have quickly. raised new in or experimenting had exciting. which monetize platform

think with learned and has and time we've a the been quality first done we've team the just working has the I of the great that brands class. job been

Truist We'll Please move Thornton Securities. to next ahead. with go Matthew

August how we think the Steve and morning, about good half talk could. Parke laying if on the of call commercial XXXX? Matt September? Mike. Thornton. out Can for Hey, would the seasonality we monetization for Two is normal what Samples efforts in [ph] incremental being impact about about XXXX? should you questions, and And for of is should you. second think second sponsored and half and pads David This how I you growth Also, or commerce. any Thank comparisons

and Steve, let last the reverse. Hey, me take in work questions

happened in Omicron the that there in noted letter QX So last year. was of we

sure making May to of June, got quarter. in So is their the we Obviously, homework to we've a momentum into that doing lot July. from June as own fourth go we're aware just everybody

what saw the to that We really third quarter in the start flat expect of August, go to July shape the of terms the And slightly normal July of sort course, you let's back-to-school. to August normal of off X%, is which that say, seasonality. people because, curve to specifically, that's down from that last is is year, continue, of

see start on, you numbers month growth means numbers go And the going doesn't go goes It just absolute absolute down. so down. will mean will the later That as the down. rates the to

back-to-school September typically, year, so basis, down full-blown were we somewhere is last September normal as X% it expected. an around on ends and seasonality example, sequential up And from completely XX%, that's a X%. But to being August. totally

the year So very be you very, can the year, this last unusual shape of similar. we had I an will -- October. curve think QX

want does So had outage. sure their everyone to homework. I just back make goes an and We

around years. with at We this generally, look lot that last seen month that the trends to obviously are to back reported then a to things the November, got the December a you've is And over pick year. we've October those same Thanksgiving we're of business on going huge holidays. year numbers. trends exact So seasonal the up suspect I because and information start see

this something things I believe. may improvements, we'll immersive we time. doing do I incremental but Yes. discovery our quality, want search efficient mentioned iterative we system now, just the advertising all that's including that expect bookings. are the testing -- have year, quality contribute have do to those frontier, our want Right be small improvements things sometime translate don't I of we're that we're and that to constantly types highlight, We to to highlight making,

LightShed next go to Ross ahead. We'll Partners. move Please Brandon with

Thanks. Brandon Ross.

think much have Then cadence next And quarter Fortnite perhaps, Just your into. pressure splits. a match about percentage potentially bookings, out back creator fees, as splits? have the at a feel went as those I how to to DevEx Creative you as much version Can have we you what of towards of or be that as rolls down pressure feel window the talk looking the you I is this of they actually far and expect more DevEx How Epic overtime? move a significant follow-up. do first you

economics our We to of for growing bookings overtime literally percentage DevEx of have wanted more consistently more a we suggested numbers the pretty and years. as share the of as developer. So been

a mostly much bookings, percentage XX% the variable our three look of with into looking at over bookings. last read and QX from a about Honestly, mean in numbers I'm gone driven have XX-day that So, that XXX-basis XX% I XX% quarter. DevEx at a is point last movement to that posted materials is we as cost years, on supplemental in wouldn't there's I if And you period. a site. the good

on It's you are and When better bit [indiscernible] is the as better. sheer developers clearly So, economics as getting this. it in The X,XXXth absolute it the those by come to incredibly growth dollar robustly. numbers sheer amount could goes platform, out all leaned bookings little developer earned heavily we've basis, of the The on a developer for community currency growing of our new down. up growth pretty our phenomenal. absolutely creativity, is in generally, content. look But an at amount comes bookings the

bigger can that. and platform, And community bigger a full-time a see the about making and living Roblox just excited we on we're so, incredibly

continue is have with build and unique our about the -- level more the and value push about It's not to we we rates. just quality And continue We a It community our developers. that service and the proposition great not lot. more of service. a relationships this overtime. towards talked with about take to we'll It's of absolute them

code I -- said quarters would in be zip have ago now. and We pushing XX% a think, obviously few that towards right that, we we're

or of XX,XXX, beyond make XXX support XXX that's the with are starting which platform. X,XXX highlights at happen. ago who creating see in than that Roblox we'd larger made more a years would four conference, the thought well conjecture long they're wild talent developers super studio we're much come our on we to out And studio, people through our go a has going platform, as as actually around it these And money, filling I starting economic to build even see well developer more that it and tail developer to from studios Yes, sooner the to on people. down continue than getting

got between cohorts. I were do female both engaged your to the you profitable mentioned most the up Great. to male in parity male what letter, And male cohorts wondering bring to you that And me they what then the and platform. highest, when it would the overall on to take most noticed you need and engagement? And with females what split have, is

on know it. highlight the right more And these the my years, everything to converged is name over ratio has play to types platform. want fashion reason of Roblox to to and to I game think to from the long-term, top social don't their beauty, platforms it. things from shared at now. I But you play, the support exactly don't exact Yeah, spanning of game the traditional I to more head we've ever XX-XX sports vehicles,

with I in numbers. that think that activity So of on term, optimistic we're platform to the direction shows wide pretty towards be of range our a a XX-XX, And internal continues Roblox. long like types

Thanks, Dave.

Thanks.

We'll go Please move on the ahead. to MKM with from question next Partners. Handler Eric

so developers Yes. to in brands? could of I'm the morning, like and Good question. month the inquiries there with, there's seems announcements I thanks wonder, Roblox are of from support the various a out involved last Two and the metaverse. start or it if new enough for brands in we curious, all lot And there questions. getting these

long saw going help Yes. more structure this now, seeing ago. with traditional What XD or we're there with and graphics I and a video a forward of developers, we service with with going XD bureaus, production. is believe is, this We print we're right creators either saw this of time immersive recently, who see and to video

Hub, the it they a creators. talent self-service developers are out finding these are many bringing And unannounced, purpose our brands active on They people our of the been is XXX% our Our to there help have their is own, developing are this that for the there's in our traditional but think have developers hub – market this will where it of brand with future here. or way, shop developers to are for which they're developers. on doing starting connect We through they're them who either support Talent developers in-house. platform that serving to class emerging play traditional for an brands doing together means who or highlights experienced or those an experienced developers, social, complement of expertise

brands has community be right that developers. they was that, more build they've support will see, demand is comes on that and and a can we to Roblox there will would a a brands. day, think It's that capitalist are that more there's I the that's talking behavior in their we a is dynamic the Eric, business what the expand I other a the signal market demand to And of is interesting a who that healthy. this very now supply, balance which feel because studio, the in into. to from and is Part a said invested question. between a And investments we of they than venture that in great was classic now, really spur sense. want that Yeah, again, experiences hope almost these just dynamic as that of there's

that's dynamic really the good obviously potentially just are right that market we time. on clear if over developers that's So up capacity signal. And now, a will constrained itself

using see And hiring studios Roblox the some degrees, we with can and in these science of computer grads them college their Yes. new practices larger corporate them board on for platform. training best bringing

I wouldn't this as see well. agencies be to surprised offered

question. Have had that going my maybe even discussion some setting be about of you studio? any type development Well, to metaverse next big was up ad the with agencies

Donato. month, defer been on that have -- probably that Craig We'll Day. know why it have about we into whether and I dig for gone conversations I not, to surprised inbound next Investor address really there It’s that. is agencies, don't he'll Maybe but can that specifically where we've we'll defer to with

Thank very you much.

Thanks.

for we turn web queue. I'll the questions. And to questions have no further the in phone Gunawan over Hans call

local from integrate this or there great, of to supplemental education Far focus actual collaborate question with educators to tools a may you education departments plans lesson the throughout we one from Incorporated. year. Are plans for Harco have think any question that and is academic I time appropriate [ph] Dave, for from So So the Good more Patterson and web. school

Roblox partnership a like highlight Roblox and allowing so ultimately, computer be and Hey, is -- realize one so of will into I'll students goes science, great appropriate gets and coding together platforms the for our Robotics. world. question. FIRST Thank and example is vision people simulation for around that it partnership help The And you. it to with beyond and that many

Robotics on What FIRST Roblox creation than activity it for and FIRST mimics competition road are rather construction competition involves a an hardware, and we partnering them, and world. real it simulation testing robot and has requires creating blocks. kits testing virtually in with been doing that building they're that traditionally requires the is Roblox Roblox So Robotics of

We're in optimistic is opportunity an to cannot educational that had world access for of not the Roblox. activity or it really great have on a this example who FIRST of So like opportunity. may about range participate opportunity educational do Robotics a around platform a students many the

wrap a us. you all that's Well, joining us for for Thank today.

everyone. you, Thank

today's conclude Thank for does that conference call. your And you. you participation. Thank

now… may You