Roblox Misses Q3 Expectations, Shares Plunge - Roblox (NYSE:RBLX)

  • Roblox Corp RBLX reported third-quarter FY22 Bookings growth of 10% year-on-year to $701.7 million, beating the consensus of $686.3 million.
  • The revenue grew by 2% Y/Y to $517.7 million.
  • EPS loss of $(0.50) missed the consensus loss of $(0.33).
  • Average Daily Active Users (DAUs) were 58.8 million, up 24% Y/Y.
  • Hours Engaged were 13.4 billion, up 20% Y/Y.
  • Average Bookings per DAU (ABPDAU) was $11.94, down 11% Y/Y.
  • Roblox used $(67.7) million in free cash flow.
  • “We are delivering strong growth across our core operating metrics, powered by a growing developer community creating high-quality experiences that appeal to a broad, global audience,” said David Baszucki, Chief Executive Officer of Roblox.
  • Price Action: RBLX shares traded lower by 13.5% at $33.84 on the last check Wednesday.



Image and article originally from www.benzinga.com. Read the original article here.