At this time, I would like to welcome everyone to the Roblox fourth-quarter and fiscal year 2024 earnings conference call. [Operator instructions] I would now like to turn the call over to Stefanie Notaney.

Gaming metaverse operator Roblox (NYSE:RBLX) reported Q4 CY2024 results , with sales up 31.8% year on year to $988.2 million. The company expects next quarter’s revenue to be around $1.00 billion, coming in 2.

Analysis of Roblox Corporation's Q4 earnings reveal softer DAU trends & below-consensus FY 2025 bookings. Click for my updated look at RBLX stock prospects.

Investors might be concerned that Roblox's growth momentum is slowing down. The 21% year-over-year growth in bookings was strong, but not when compared to the 25% growth rate Roblox reported in the fourth quarter of last year. Growth rates in the daily active user base, as well as in average bookings per user, both declined as well.

Roblox (RBLX) shares swooned Thursday after the company reported fewer-than-expected users in the fourth quarter. The online game platform had 85.3 million average daily active users in the period, up 19% year-over-year but below the analyst consensus of 88.