01:24 PM EDT, 08/13/2025 (MT Newswires) -- Roblox's ( RBLX ) issuer credit rating was raised by S&P Global Ratings Wednesday to BBB- from BB+ on continued growth in gross bookings and free operating cash flow.

S&P said the outlook is positive, reflecting its expectation that the company's strong user growth, engagement and increasing monetization will continue.

The rating agency noted that as of June 30, the company's gross bookings rose 34% year over year to $5.1 billion on a trailing-12-month basis.

This has supported strong operating leverage that helped the company increase its free operating cash flow to $942 million for the rolling 12 months ended June 30 from $440 million in the prior year, S&P said.

The rating agency anticipates gross bookings to increase to $5.9 billion in 2025 and $7.3 billion in 2026, and FOCF generation to improve to $1.2 billion in 2025 and $1.4 billion in 2026.

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