Roblox (RBLX) Falls After Reporting Slowing of All Major Metrics in May
Shares of Roblox (NYSE: RBLX) fell 4% in pre-open trading Wednesday after releasing May 2022 metrics, which showed a slowing of all major metrics, including Daily active users and bookings.
Roblox said May Daily active users were 50.4 million, up 17% year over year. In the first quarter, Roblox said Daily Active Users were 54.1 million, an increase of 28% year over year. For April, Daily Active Users were 53.1 million, up 23% year over year.
Meanwhile, estimated bookings for May 2022 were between $196 million and $199 million, down 9% - 11% year over year. This compares to April when the company said bookings were between $221 million and $224 million, down 8% - 10% year over year.
Revenue in May is estimated to be between $194 million and $197 million, up 28% - 30% year over year. In April, revenue was trending up 30-32%.
Hours engaged in May were 3.6 billion, up 10% year over year. In April, hours Engaged were 3.8 billion, up 18% year over year.
By StreetInsider.com Staff