Roblox Shares Down 5% on Q1 Miss
2022.05.11 00:57
© Riccardo Milani / Hans Lucas via Reuters Connect Roblox Shares Down 5% on Q1 Miss
Roblox (NYSE:RBLX) shares were trading more than 5% lower after-hours following the company’s Q1 results, with EPS of ($0.27) coming in worse than the consensus estimate of ($0.20).
Revenue grew 39% year-over-year to $537.1 million, missing the consensus estimate of $657.4 million. Bookings were down 3% year-over-year to $631.2 million, and average Daily Active Users (DAUs) were up 28% year-over-year to 54.1 million.
The company provided key metrics estimates for April 2022, with revenue in the range of $189 million-$192 million (up 30%-32% year-over-year), bookings in the range of $221 million-$224 million (down 8%-10% year-over-year), and DAUs of 53.1 million (up 23% year-over-year).
Shares of Roblox are down 78% year-to-date.
By Davit Kirakosyan
