Roblox Shares Down 5% on Q1 Miss -Breaking
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© Riccardo Milani / Hans Lucas via Reuters Connect Roblox Shares Down 5% on Q1 MissRoblox (NYSE:) shares were trading more than 5% lower after-hours following the company’s , with EPS of ($0.27) coming in worse than the consensus estimate of ($0.20).
The revenue grew by 39% to $537.1million year-over-year, which was below the consensus estimate at $657.4million. Bookings declined by 3% over the year to $631.2million. Average Daily Active Users (DAUs), however, rose 28% annually to 54.1million.
Key metrics were provided by the company for April 2022. They included revenue estimates of $189-$192m (up 30-32% year over year), bookings at $221-$224m (down 8%-10% annually) and DAUs of $53.1 million (up 23%).
Roblox shares are at 78% lower year-to-date
By Davit Kirakosyan
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