Roblox Corporation (NYSE:RBLX) Q1 2024 Earnings Call Transcript

David Baszucki: We want to — this is the year we are focusing on advertising, portal and video. We are excited about in world physical shopping, partially because it is a way for our partners to attribute and measure the success of their ads in addition to buy stuff. So in World Shopping is very early. We are not incorporating that revenue in any of our models for really ’24 or ’25. But it does point to a future where just as being with friends together on Roblox when you’re playing or you’re playing hide & seek or you are socializing or whatever that — it’s an exciting what we believe new way over time, that more people will shop together. And we do see a future over time without any forecast or expected dates, we are going with friends to shop together in 3D trying things on buying physical items is going to be part of what people think of Roblox.

Mike Guthrie: And Eric, I just would add that we are really thrilled that the first partner is a company like Walmart, the quality and scale and the brand of Walmart in retail is sort of the perfect partner to start off something like this. So we are really thrilled to be getting the earliest indications and signals of commerce on the Roblox platform with someone like Walmart.

Stefanie Notaney: Thank you for joining us today, and I’ll turn it over to Mika to close this out.

Operator: Thank you. That does conclude today’s call. Thank you for participating. You may now disconnect.