When Roblox went public, it was a free-cash-flow generating machine. For three straight quarters, though, its free cash flow performance has deteriorated. Q1's free cash flow was better than Q4's -- ...

Roblox exhibits ultra-high-quality business traits: rapid growth, strong brand equity, minimal marketing needs, low CAPEX, and potential for attractive future capital distributions. The company’s ...

Roblox is benefitting from unit economies, with bookings growth outpacing the growth in fixed growth. I expect Roblox to exceed management’s full-year guidance for bookings and free cash flow.