A antheral photographs a Roblox banner displayed, to observe the company's IPO, connected the beforehand facade of the New York Stock Exchange (NYSE) successful New York, March 10, 2021.
Brendan McDermid | Reuters
Shares of Roblox jumped 18% connected Monday greeting aft the institution released its September 2022 metrics report.
Here are the numbers:
- Daily progressive users were 57.8 million, up 23% year-over-year.
- Hours engaged were 4 billion, up 16% year-over-year.
- Estimated bookings were betwixt $212 cardinal and $219 million, up 11% - 15% year-over-year.
The fig of regular progressive users decreased from Roblox's August 2022 report, erstwhile the institution reported 59.9 cardinal users. The fig of hours engaged successful September besides decreased from 4.7 cardinal successful August, and Roblox's bookings successful September fell from the $233 cardinal and $237 cardinal estimated bookings reported successful August. The driblet whitethorn person occurred arsenic kids who play the crippled returned to school.
Shares of Roblox are down astir 65% from their highs. The banal was blazing blistery successful 2021 aft Roblox's direct listing in March. Its marketplace headdress neared $80 cardinal earlier peaking successful November 2021.
The institution saw bookings swell much than 200% during the pandemic when kids were spending much clip connected their screens portion stuck astatine home. But this year's economical slowdown has punished high-growth tech stocks.
Roblox CEO David Baszucki told CNBC successful February that the institution has "many opportunities to summation monetization" and helium cited advertizing and 3D immersive buying arsenic imaginable areas for growth. To date, the institution has focused connected "creating a harmless and civilian platform" and increasing its regular progressive idiosyncratic base, Baszucki said.
Chief Business Officer Craig Donato told CNBC's Steve Kovach successful August that Roblox is bullish connected the aboriginal due to the fact that of its investments successful its employees, server capableness and planetary information centers.