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Roblox Corporation (NYSE: RBLX) reported key metrics for November 2022, highlighting a 15% year-over-year increase in daily active users (DAUs) to 56.7 million. Total hours engaged reached 3.9 billion, up 10% year-over-year. Estimated revenue is projected between $190 million and $193 million, reflecting a 1%-3% increase, while estimated bookings ranged from $222 million to $225 million, a rise of 5%-7%. However, average bookings per daily active user (ABPDAU) fell 7%-9% to $3.92-$3.97 due to currency fluctuations, which negatively impacted growth by approximately 4-5%.
Positive
DAUs increased 15% year-over-year to 56.7 million.
Total hours engaged rose 10% year-over-year to 3.9 billion.
Estimated revenue projected to be $190-$193 million, a 1%-3% year-over-year increase.
Estimated bookings expected to be $222-$225 million, up 5%-7% year-over-year.
Negative
Average bookings per daily active user (ABPDAU) decreased by 7%-9% year-over-year.
Currency fluctuations led to a 4-5% reduction in year-over-year growth rate for November bookings.
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 November 2022.
November 2022 Metrics
Daily active users (DAUs) were 56.7 million, up 15% year-over-year.
Hours engaged were 3.9 billion, up 10% year-over-year.
Estimated revenue was between $190 million and $193 million, up 1% - 3%year-over year.
Estimated bookings were between $222 million and $225 million, up 5% - 7% year-over-year1.
Estimated average bookings per daily active user (ABPDAU) were between $3.92 and $3.97, down 7% - 9% year-over-year1.
1 The 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 approximately 4-5% in the year-over-year growth rate for November bookings. On a constant currency basis, we estimate bookings growth would have been 10%-12% year-over-year and ABPDAU would have been down 3-5% year-over-year. Constant currency is calculated by converting our current period financial results into U.S. dollars using the comparative prior period’s monthly exchange rates for our non-USD currencies
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 November 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. 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 are the daily active users for Roblox in November 2022?
Roblox reported 56.7 million daily active users (DAUs) in November 2022, a 15% increase year-over-year.
What was Roblox's estimated revenue for November 2022?
Roblox's estimated revenue for November 2022 was between $190 million and $193 million, representing a 1%-3% year-over-year increase.
How much did Roblox's bookings increase in November 2022?
Roblox's estimated bookings for November 2022 were between $222 million and $225 million, up 5%-7% year-over-year.
What is the average bookings per daily active user (ABPDAU) for Roblox in November 2022?
The estimated average bookings per daily active user (ABPDAU) for Roblox in November 2022 ranged from $3.92 to $3.97, a decline of 7%-9% year-over-year.
How did currency fluctuations impact Roblox's bookings?
Currency fluctuations negatively impacted Roblox's bookings growth rate by approximately 4-5% year-over-year for November 2022.
