Roblox stock (New York Stock Exchange: RBLX) jumped almost 6% he then (as promised) gave insight into the financial outlook for the coming year, pointing to the strong side of orders for 2024.
CFO Michael Guthrie said Roblox is “comfortable” with the average FactSet consensus estimates. for the fourth quarter of the fiscal year, and in February the company will provide guidance for the first quarter and full year 2024.
Based on this week’s numbers, Guthrie indicated that a comfortable consensus for full-year 2024 is orders of $4.03 billion (above analysts’ forecasts by $3.98 billion). It also pointed to adjusted earnings before interest, taxes, depreciation and amortization of $489.9 million.
He added that infrastructure-related capital expenditures in 2024 will not exceed $100 million, and dilution will be in the “3-4% range.”
With full details due in February, he offered a broad view of the future: The company is targeting annual order growth of “20% plus” between 2025 and 2027. The company’s goal is to improve earnings by 100 to 300 basis points per year over the next 3 to 5 years.
Shares rose slightly during Roblox’s two-hour presentations, during which executives outlined approaches to the product, user growth and the adoption of artificial intelligence to improve technological development.