Roblox Corp - RBLX STOCK NEWS

Roblox Corporation (NYSE: RBLX) has announced key metrics for May 2022. The company reported daily active users at 50.4 million, a 17% increase year-over-year. Engagement hours reached 3.6 billion, up 10% year-over-year. Estimated bookings were between $196 million and $199 million, reflecting a 9% to 11% decline. Average bookings per daily active user fell to between $3.89 and $3.95, a drop of 23% to 24% year-over-year. Estimated revenue is anticipated to be between $194 million and $197 million, up 28% to 30% year-over-year.

PureTech Health, in partnership with Roblox, aims to enhance patient experiences through innovative digital solutions. The collaboration introduces a Roblox rewards exchange linked to Akili’s EndeavorRx, the first FDA-cleared prescription video game for children with ADHD. This partnership seeks to integrate cognitive treatments into daily life, leveraging Roblox's vast user base of over 55 million players. Both companies focus on redefining patient engagement and improving cognitive health through interactive experiences.

Roblox (NYSE:RBLX) and Akili Interactive are partnering to integrate cognitive medicine into everyday life through gaming. This collaboration aims to connect medical treatments with patient experiences in virtual environments. Initially, they will establish a Roblox rewards exchange for Akili’s EndeavorRx® treatment, an FDA-cleared prescription video game for ADHD in children. The partnership aspires to reshape the patient experience by making treatment engaging and enjoyable, enhancing cognitive health through innovative digital interactions.

Roblox Corporation (NYSE: RBLX) reported a 39% revenue increase year-over-year in Q1 2022, totaling $537.1 million. Daily Active Users (DAUs) rose 28% to 54.1 million, and Hours Engaged grew 22% to 11.8 billion. However, bookings fell 3% to $631.2 million. Looking ahead, April's revenue is projected to be between $189 million and $192 million, reflecting a 30%-32% year-over-year growth, while bookings are expected to decline by 8%-10%. The company emphasizes its ongoing focus on innovation for long-term investor returns.

The second annual Logitech Song Breaker Awards is set to premiere on Roblox (NYSE: RBLX) on April 30 at 10 a.m. PST. This innovative music awards show celebrates creators influencing pop music through social media trends. Hosting the event will be Bretman Rock, with a special performance by Lizzo. The awards highlight creators from the Billboard Song Breaker Chart, with various activities in the pre-show experience.

Logitech aims to engage communities by reimagining creator-focused award shows.

Roblox Corporation (NYSE: RBLX) will announce its first quarter 2022 financial results on May 10, 2022, after market close. The report will include key metrics for April 2022. A conference call to discuss these results is set for May 11, 2022, at 5:30 AM PT / 8:30 AM ET. Investors can access the live webcast on Roblox's investor relations website, with a replay and transcript available for at least 12 months. Roblox aims to connect people globally through immersive digital experiences, fostering creativity and positive interactions.

Chipotle Mexican Grill (NYSE: CMG) launches the Burrito Builder experience on Roblox (NYSE: RBLX) on April 7, 2022, allowing players to earn Burrito Bucks by rolling burritos in the metaverse. The first 100,000 players to succeed will receive entrée codes for Chipotle's app and website. This marks the first instance of a brand enabling players to exchange in-game currency for real-world items. The initiative is part of Chipotle's strategy to engage its audience through gamification, featuring a '90s theme and new virtual uniforms and items.

Pacsun has launched its first dedicated experience on Roblox, named PACWORLD, a fantasy interactive mall created in collaboration with MELON studio. This initiative builds on Pacsun's previous digital items on Roblox and aims to connect with Gen Z consumers. Players can customize their virtual malls, generating income through various shop activities. The launch reflects Pacsun's strategic focus on digital growth, leveraging NFTs and gaming to enhance customer engagement. Pacsun's expansion into the gaming space demonstrates its commitment to innovation and community building in the evolving retail landscape.

Roblox is set to host its first-ever official GRAMMY^® Week experience in the Metaverse from March 30 to April 3, featuring a virtual concert by Camilo, a two-time GRAMMY nominee. This partnership with the Recording Academy and Mastercard aims to enhance music discovery among millions of users. The event will include artist meet-and-greets, mini games, and GRAMMY-themed virtual merchandise, making it a unique experience for fans worldwide.