Users Are Loving Roblox – Company Clocks 20% Jump in Daily Active Users, Stock Soars

Roblox Corp (NYSE: RBLX) reported third-quarter FY23 Bookings growth of 20% year-on-year to $839.5 million, beating the consensus of $829.9 million. The revenue of the American video game developer grew by 38% Y/Y to $713.2 million. EPS loss of $(0.45) beat the consensus loss of $(0.50). Average Daily Active Users (DAUs) were 70.2 million, up 20% Y/Y. Hours Engaged were 16 billion, up 20%Y/Y. Average monthly unique payers were 14.7 million, up 14% year-over-year. Average Bookings per DAU (ABPDAU) was $11.96, flat Y/Y. Roblox generated $112.7 million in operating cash flow. The U.S. and Canada …

Read More