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Roblox Corporation (NYSE: RBLX) reported key metrics for March 2023, showing significant growth. Daily active users (DAUs) reached 66.2 million, a 26% year-over-year increase. Hours engaged were 4.8 billion, also up 26%. Estimated revenue ranged from $212 million to $223 million, reflecting a 15% to 21% year-over-year growth, while estimated bookings were between $247 million and $255 million, rising 23% to 27%. The average bookings per daily active user (ABPDAU) saw a slight decline of 2% to a 1% increase, ranging from $3.73 to $3.85. Notably, Roblox will discontinue its monthly key metrics reports, shifting to quarterly updates to provide a broader view of business performance.
Positive
DAUs increased by 26% year-over-year to 66.2 million.
Hours engaged grew by 26% year-over-year to 4.8 billion.
Estimated revenue rose to between $212 million and $223 million, marking a 15% to 21% year-over-year growth.
Estimated bookings increased to between $247 million and $255 million, reflecting a 23% to 27% year-over-year rise.
Negative
Average bookings per daily active user (ABPDAU) decreased by 2% year-over-year.
Foreign currency fluctuations reduced estimated revenue and bookings growth by approximately 2%.
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 the month of March 2023.
March 2023 Key Metrics
Daily active users (DAUs) were 66.2 million, up 26% year-over-year.
Hours engaged were 4.8 billion, up 26% year-over-year.
Estimated revenue was between $212 million and $223 million, up 15% - 21% year-over-year.1
Estimated bookings were between $247 million and $255 million, up 23% - 27% year-over-year.1
Estimated average bookings per daily active user (ABPDAU) were between $3.73 and $3.85, which represents a year-over-year change of -2% - +1%.1
[1] We estimate that the impact of foreign currency fluctuations led to a reduction of approximately 2% in the year-over-year growth rate for both March 2023 revenue and bookings. Thus, on a constant currency basis, we estimate our year-over-year March 2023 revenue growth would have been between 16% - 22%, our year-over-year March 2023 bookings growth would have been 25% - 29% and the change in year-over-year March 2023 ABPDAU would have been between -1% and 3%.
Constant currency is calculated by converting our current period revenue, bookings and ABPDAU into U.S. dollars using the comparative prior period’s monthly exchange rates for our non-USD currencies, rather than the actual average exchange rates in effect during the current period. By adjusting revenue, bookings and ABPDAU for constant currency, we are able to provide a framework for assessing how our business performed excluding the effect of foreign currency rate fluctuations.
Discontinuation of Monthly Key Metrics Releases
This release marks the Company’s last monthly metric release. We have now published monthly key metrics over our first eight quarters as a public company. While we believe that has provided incremental information to investors regarding the seasonality of the business, we have decided to cease providing key monthly metrics to align our reporting cadence with our value of taking the long view. Key metrics will continue to be published on a quarterly basis aligned with the Company’s other quarterly disclosures, including its shareholder letter and other quarterly publications.
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 March 2023 Key Metrics are forward-looking statements and are based on current plans, expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management, and our plans for publishing monthly key metrics. The forward-looking statements included in this press release represent our views as of the date of this press release. 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 or from Company expectations due to a number of factors, including but not limited to risks detailed in our filings with the Securities and Exchange Commission (the “SEC”), including our quarterly reports on Form 10-Q and annual reports on Form 10-K and other filings and reports that we may file from time to time with the SEC. We anticipate that subsequent events and developments may cause our views to change and all monthly Key Metrics are subject to normal quarter end review and potential adjustments. 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 and quarterly performance may materially differ from aggregation of the monthly Key Metrics for each month within the quarter.
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.
What were Roblox's daily active users in March 2023?
Roblox reported 66.2 million daily active users (DAUs) in March 2023, a 26% increase year-over-year.
What was the estimated revenue for Roblox in March 2023?
Roblox's estimated revenue for March 2023 was between $212 million and $223 million, representing a year-over-year growth of 15% to 21%.
How much did Roblox estimated bookings increase in March 2023?
Estimated bookings for Roblox in March 2023 rose to between $247 million and $255 million, reflecting a 23% to 27% year-over-year increase.
Why did Roblox discontinue its monthly metrics release?
Roblox discontinued its monthly metrics release to align reporting with a longer-term view of business performance, opting for quarterly updates instead.
What is the impact of foreign currency fluctuations on Roblox's financial metrics?
Foreign currency fluctuations reduced Roblox's estimated revenue and bookings growth by approximately 2% in March 2023.
