Stay Informed
Get Industry News In Your Inbox…
Sign Up Today
Roblox chief financial officer Michael Guthrie is to exit the company after six and a half years.
The executive has been with the company since 2018 and was part of the firm when it launched its initial public offering in March 2021.
“Next chapter”
He will stay on at the firm while a successor is found before stepping down. During the company’s Q2 earnings call, Roblox CEO Dave Baszucki said Guthrie had chosen to step down from the role to “pursue his personal interests and focus on his next chapter”.
“[He’s been a] real part of our journey, helped us go public, helped the investors, employees and board members understand how the business works, helped us explain really how we run our business based on cash and bookings, and that’s really contributed to driving our growth,” said Baszucki.
“And the team that Mike has built is absolutely amazing and contributes a lot to our growth.”
News of Guthrie’s departure came as Roblox reported its Q2 financials, which showed revenue rose by 31% year-over-year to $893.5 million. The company reported a net loss of $207m for the quarter and $67m in adjusted EBITDA.
The firm also reported that daily active users rose by 21% to 79.5 million year-over-year in Q2 2024.
