Transcript
A (0:00)
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B (0:25)
Bloomberg Audio Studios podcasts radio news grow a guard 99 nights in the forest steal a brain rot 3 games propelling roadblocks to its highest level of daily active users. The company also posting nearly $2 billion in bookings in the third quarter. Still shares of the company trading lower after the earnings. Let's talk through all of this with Dave Bazooki, Founder CEO of Roadblocks and Dave this growth, this real playing commitment comes at a cost, an infrastructure cost. And we see costs go up because of safety that you're acting, but also the cloud compute. How do you start to monetize to make up for some of those costs?
C (1:05)
Yeah, thanks for noting the amazing quarter we just had. Both bookings growth was up 70% year on year at 1.9 billion and as you noted, our daily active users passed 150 million which is up 70% year on year. In addition to those three games you mentioned, we had seven games on Roblox in the last quarter. Past 10 million daily active users and a really healthy content ecosystem. Five of those seven experiences were created in the last year. We've hit some really peak numbers. We had 45 million concurrent players all at the same time. What we said on the earnings call is with all of this growth, which is cumulatively averaging 37% over the last two years, we are going to be spending on Infra. What we said is the continued decreases in cost for Infra. We may slow that down a bit as we spend, but the final thing I want to generate is the cash flow that we generated on the platform. We generated over 440 million of free cash flow in Q4.
D (2:16)
Dave, looking forward then, how are you managing out some of the technology plays that you made age verification technology in a way that doesn't impact or slow the growth of both active users?
C (2:28)
In the bookings we we made a commitment a while back to what we believe will be gold standard for safety on platforms like Roblox and throughout the industry with new advances in AI, we're going to use facial age estimation to estimate the age of everyone on our platform and in addition to the text filtering, we do the critical harms monitoring the prevention of any image sharing. We're going to use that to help Gate who communicates and who they communicate with. I was just in an executive staff meeting on Tuesday playing with the rollout of this product. It's really elegant and we of course want to highlight. There may be some friction but I'm really optimistic this is the long term good play for Roadblocks which is really establishing the standard of how we believe safety and civility is going to run in the future.