Sat. Dec 2nd, 2023

Shares of Roblox pop 11% after company’s third-quarter results beat estimates

Shares of Roblox closed up more than 11% on Wednesday after the company released third-quarter results that beat on the top and bottom lines and showed strong user growth.

Here’s how the company did:

  • Loss per share: 45 cent loss vs. 51 cent loss expected by LSEG, formerly known as Refinitiv
  • Revenue (bookings): $839 million vs. $830 million expected by LSEG

The revenue figure is what Roblox calls bookings, a category that includes sales recognized during the quarter and deferred revenue. Bookings rose by 20% year over year. Roblox reported $702 million in bookings in the year-ago quarter. 

The company generates revenue from sales of its virtual currency called Robux, which players use to dress up their avatars and buy other premium in-game features.

Roblox reported 70.2 million average daily active users, up 20% from a year earlier. Users spent more than 16 billion hours engaged in Roblox during the second quarter, up 20% year over year.

The company reported a net loss of $277.2 million for the quarter, which ended Sept. 30. Roblox reported a net loss of $297.8 million for the same period in 2022.


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