Roblox Corporation (NYSE: RBLX) released its FY22 Q1 earnings results on Tuesday after the market opened. The stock declined more than 10% during the after-hours due to the earnings announcement.
- Revenue increased 39% over Q1 2021 to $537.1 million
- Net cash provided by operating activities of $156.4 million; Free cash flow was $104.6 million
- Bookings decreased -3% over Q1 2021 to $631.2 million
- Average Daily Active Users (DAUs) were 54.1 million, an increase of 28% year over year
- Hours Engaged were 11.8 billion, an increase of 22% year over year
- Average Bookings per DAU (ABPDAU) was $11.67
Reported vs. Estimated
EPS : loss of 0.27 vs loss of $0.23
Revenue : $ 537.134 million vs $641.82 million
Roblox’s most recent quarterly earnings report was released on February 15th, 2022. The reported $0.25 earnings per share (EPS) for the quarter fell $0.14 short of the consensus estimate of $0.11. The company’s revenue for the quarter was $770.12 million, compared to the consensus estimate of $763.11 million. Over the last year, Roblox has generated $1.09 earnings per share ($1.09 diluted earnings per share).
Roblox Corporation stocks plunged 15% after its FY21 Q4 earnings missed analysts’ estimates despite a revenue increase of 81%.
Roblox Corporation is a company that creates and operates an online entertainment platform. It provides Roblox Client, an application that allows users to explore 3D digital worlds, and Roblox Studio, a toolset that enables developers and creators to build, publish, and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution that provides services and infrastructure to power the human co-experience platform. The Roblox Corporation is headquartered in San Mateo, California.