good everyone. morning, and Dave, Thanks,
before a we quick up to your Just questions. comments it few open
obviously, pleased 'XX on reference the the going IR ir.roblox.com, are the some supplemental to charts So website, there. I'm we're of results. which materials, and with our
$X.XXX as on billion, XX% year-over-year. growth Page said, Dave bookings, XX. all can So on QX that's see you Strength which across geographies,
both rate can Expense and good growth. big can a growth, free capital Page healthy XX And operations. are from and bookings QX compensation from more on see how infrastructure growth there that's yielding in Pages are than growth reduced QX. at XX, operating X In costs, growing particular, in are and cash see flow. yielding margins operations year-over-year, and you slower fixed significantly XX, flow expenditures and and then the we Cash saw cash on you higher
the I see want really in now good things We're start seasonality as models. in 'XX, starting can address And more to comparisons 'XX seasonality, with people clearly. you which some to COVID see we're and to their really think I will business. really help through
in growth then year. of a in sequential sequential and back good to bookings, of a are QX in slight again, the holidays jump XX, the On and for summer, little uptick QX. QX year, And QX QX bookings, QX with holiday in QX big very Page similar prior the down back then see we normally, next with QX bit of terms overall then the is pretty from the in season. the and down a
that's normal see seasonality bookings, that. you on really So and can
to XX, operations. Page see from On flow can from start around cash and cash operations you our the seasonality
the that in QX then that. just Note simply that talk about rather holiday little had are in highest operations highest, the from is post-holiday a collections. cash with is buildup which And We bookings of bit when is a big the that reason working me QX, release capital. QX capital bookings. working Let highest the and there's normally a for than
highest tends cash And from flow so QX operations. our to be
covenant It's And On with adjusted actually a little much looking the working around from operations seasonality normal therefore, capital. tracks adjusted Page bookings. bit EBITDA. than cash difference is more because different EBITDA change in at the covenant that XX,
don't we benefit. working have the So capital lower QX is because
a free of summer of covenant And then QX pick then, up we course, peak EBITDA with adjusted flow, to we'll cost -- CapEx QX, and goes And will. but sort the little to flows a hits it line, think cash and little because its year, start normal bit, grow we see bookings to fixed which also invest in growth with more seasonality QX bookings. of and tends and peak we growth. of amount some throughout in bit long the down holiday tend QX top as the course have matches as seasonality
do I overall both quick callouts. want growth, all monetization. Dave geographies out and about hourly call numbers, other older and DAU with users. Some growth and across to talked great
X% the regions Page Our peak same up you Page the of unique history. And overall. -- can payers over monthly course, a time the on highest of of was was all-time this in per year. hit bookings it XX, see was per bookings monthly XX, fourth and the last which unique most on payer quarter. DAU, And the up the QX call then an nicely on across big was actually, Page number in the out And number XX, any up world. our And highest around that
X.X%. grew Our about count share by
your open Let's and talk then a we'll little bit to about guidance, it up questions.
to to get be guiding factors of to obviously little deferred GAAP that net GAAP and the and right going a go are the bit difficult of These into determining exactly number. you are loss. because We the waterfall for revenue that
purchased, whether non-GAAP EBITDA. a of then life We're bookings the So adjusted and natures on a the and a guiding of to those consumable paying basis durable or are goods user. it's a also
bookings. Now you're familiar all with
of of This adjusted differs EBITDA. in What is what are your referred and quarter, from covenant as you most that Roblox calculation adjusted EBITDA models. guiding most adjusted EBITDA, to we're referring to to you
between EBITDA clarify, difference adding to covenant again, charge deferrals. just net of is back by the calculated that So adjusted
what And so to. of most are modeling that's you
adjustments, get the you see you to EBITDA. in have what's to see deferred models the as and adjusted back when your So in our add you'll releases,
Margin the year-over-year at to full year. talked That guidance, and points. about about Day. means, quarter We XXX for by this XXX basis Investor
when going variance we then show margin to So We're quarters each that's and have overall. okay. margin, in in of those improvement
year. for your we're We compares QX, to XX.X% many about for generated expectations example, last you of for in margin And that at So about XX%. us, XX%.
quarter. So in fourth XX% a We it the XX.X%. for the were estimates about year, XXX-basis-point full then for consensus produced was about 'XX. And increase
XXX improvement. about that's basis So of points
and the Now stop year, let and full you I'll for questions. ask then
points the For year. where XXX margin basis guidance year, suggest XX.X% the basis or XX% XXX than about higher we the full midpoint would high or end implies were And of last our points.
the and also midpoint is And year seasonality last points And about end about QX, change which X.X% than the margins. XXX higher or is X%, improvement. in just for implies QX, high again, were we basis where the XXX-basis-point in the
why So with to that, don't it over we questions. turn