Roblox Stock Falls 15.7% In One Day After Key Metrics Report

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Roblox stock fell 15.7% on Thursday after it released its November Key Metrics report. Roblox estimated bookings (revenue) were $222 million and $225 million for the month. While that puts it up 5-7% year-over-year, the company grew 22-24% during the same time in November 2021.

Roblox said the strengthening of the U.S. dollar against the euro and British pound took a toll on its business. It estimates a reduction of 4 to 5% due to this.

Roblox had 56.7 million daily active users, which is up 15% year-over-year. Those users spent 3.9 billion hours engaged with the platform, which was up 10% year-over-year. Roblox estimated its revenue was between $190 million and $193 million, up 1-3% year-over-year.

Another stat that caused Roblox stock to tumble was the average bookings per active user was between $3.92 and $3.97, which was down 7-9% year-over-year.

While users were up, they typically spent less on in-game items. It will be interesting to see what the next Roblox Key Metrics report shows. Hopefully, this isn’t the start of a new trend.

Steve Smith

Steve is a tech enthusiast and an avid gamer. He loves writing about, tinkering with, researching and reviewing the latest technology. When not doing something tech related, he enjoys spending time with his family, running, and hiking.

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