Roblox (RBLX) Lower as DAUs Fall Sequentially
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Shares of Roblox (NYSE: RBLX) fell 5% after-hours Tuesday after the company reported that Daily active users (DAU) fell month-over-month in May.
DAUs were 43.0 million in May, down 1% from 43.3 million in April 2021 but up 28% from May of last year.
Despite the drop in daily users, hours engaged were 3.2 billion, up 9% year over year and up 1% from 3.2 billion in April 2021.
Roblox is estimating to be between $149 million - $151 million for May, up 123% - 126% year over year. Bookings are estimated to be between $216 million and $219 million, up 24% - 26% year over year.
Shares of Roblox have nearly doubled since their direct listing IPO in March 2021.
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