Roblox Results Presentation Deck
Covenant Adjusted EBITDA Calculation
ROBLOX
($ in thousands, unaudited)
Consolidated Net Loss
Add (deduct):
Interest income
Interest expense
Other (income)/expense, net
Provision for/(benefit from) income taxes
Depreciation and amortization
Stock-based compensation expense
Other non-cash charges¹
Change in deferred revenue
Change in deferred cost of revenue
Covenant Adjusted EBITDA
3 Months ended
3/31/2023
$ (269,948)
(31,082)
10,012
440
731
47,412
184,904
6,988
123,783
(20,137)
$ 53,103
3/31/2022
$ (162,020)
(245)
9,999
379
276
24,497
112,295
96,797
(14,049)
$ 67,929
2022 to
2023 YOY%
67%
NM
0%
16%
165%
94%
65%
NM
28%
43%
-22%
Q1 2023
Note: Covenant Adjusted EBITDA is used in certain covenant calculations specified in the indenture governing our senior notes due 2030 and is not calculated in accordance with GAAP and may
not conform to the calculation of Adjusted EBITDA by other companies. Covenant Adjusted EBITDA should not be considered as a substitute for a measure of our financial performance or other
liquidity measures prepared in accordance with GAAP and is also not indicative of income or loss calculated in accordance with GAAP.
¹Note: For 1Q23, "Other non-cash charges" includes impairment expense related to certain operating lease right-of-use assets and related property and equipment.
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