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Roblox Corporation (NYSE: RBLX) reported key performance metrics for August 2022, showcasing strong growth. Daily active users reached 59.9 million, an increase of 24% year-over-year. Engagement saw 4.7 billion hours, up 18%. Estimated bookings ranged from $233 million to $237 million, reflecting a 5% - 7% increase. Revenue estimates were between $208 million and $211 million, marking a 22% - 24% rise. However, average bookings per user fell by 14% - 16% year-over-year due to currency fluctuations.
Positive
Daily active users increased by 24% year-over-year to 59.9 million.
Total engagement hours rose by 18% to 4.7 billion.
Estimated revenue increased by 22% - 24% year-over-year, reaching between $208 million and $211 million.
Negative
Average bookings per daily active user fell by 14% - 16% year-over-year.
Currency fluctuations negatively impacted bookings growth by approximately 4%.
SAN MATEO, Calif.--(BUSINESS WIRE)--
Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, today released certain key metrics for August 2022.
August 2022 Metrics
Daily active users were 59.9 million, up 24% year over year.
Hours engaged were 4.7 billion, up 18% year over year.
Estimated bookings were between $233 million and $237 million, up 5% - 7% year over year1.
Estimated average bookings per daily active user was between $3.89 and $3.96, down 14% - 16% year over year.
Estimated revenue was between $208 million and $211 million, up 22% - 24% year over year.
1The strengthening of the US Dollar against the Euro, British Pound, and other foreign currencies during 2022 has had an adverse impact on bookings. We estimate that the impact of foreign currency fluctuations led to a reduction of around 4% in the bookings year over year growth rate. On a constant currency basis, we estimate bookings growth would have been 9% - 11% year over year.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The estimated August 2022 Key Metrics are forward-looking statements and are based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but limited to risks detailed in our filings with the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the quarter ended June 30, 2022 and other filings and reports that we may file from time to time with the SEC. Additional information regarding these and other risks and uncertainties could cause actual results to differ materially from the Company’s expectations. The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Past performance is not necessarily indicative of future results.
About Roblox
Roblox’s mission is to connect a billion people with optimism and civility. Every day, tens of millions of people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of millions of creators. We believe in building a safe, civil, and diverse community—one that inspires and fosters creativity and positive relationships between people around the world. For more information, please visit corp.roblox.com.
