Roblox Stock Surges 12% After Growth in September DAUs and Bookings

Tiger Newspress2022-10-17

Roblox Corp. reported September metrics Monday that showed average daily active users (DAUs) rose 23% from a year ago to 57.8 million, which was down from 59.9 million in August but up from 52.2 million in July.

Hours engaged for the month were up 16% to 4.0 billion, while estimated bookings increased 11% to 15% to between $212 million and $219 million.

The immersive digital experiences company's stock surged 12% in premarket trading.

The company also updated its "paying user life" estimate to 28 months from 25 months in the prior two quarters, which as a result the company said estimated revenue for July was adjusted down by about $43 million and for August was adjusted down about $38 million.

The company said it estimates September revenue was between $171 million and $180 million, or down 2% to up 3% from a year ago, after between $233 million and $237 million in August and between $205 million in $208 million in July.

Using the midpoint of the monthly estimated revenue ranges, including the updates, the third-quarter revenue would be about $510.5 million, which compares with the FactSet consensus of $692.5 million.

The stock has plunged 65.5% year to date through Friday while the S&P 500 has dropped 24.8%.

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      Comments

      • Antyo
        2022-10-17
        Antyo
        Power !! Only way now is UP UP and to the Sky.. can see the great improvements in the games lately on the design and graphics..
        • YTGIRL: 
          Just be thankful to the Competition in the game
        • BerniceCarter: 
          Competition in the game will make things better and good to play.
        • EricVaughan: 
          The competition in the game industry has become increasingly fierce. However, this is a good thing for users.
      • AhBart
        2022-10-17
        AhBart
        Great job 👏🏻......,perhaps it's time to consider to raise it's services prices, if not, losses keeps widening quarter over quarter along with active users increases 💰💰......is important ☝🏼
      • GggSlimeR
        2022-10-17
        GggSlimeR
        Yes awesome 
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