Roblox misses earnings expectations – Q3 2021

Roblox Corporation released its Q3 2021 earnings report on Monday after the market closed. It reported a loss of $0.13 earnings per share with a revenue of $509.336 million.

According to Comscore, it is ranked as one of the top online entertainment platforms for audiences under the age of 18 based on average monthly visits and time spent. 

Key Highlights

● Revenue increased 102% over Q3 2020 to $509.3 million
● Net loss attributable to common stockholders for Q3 2021 was $74.0 million
● Net cash provided by operating activities of $181.2 million; Free cash flow increased 7%
over Q3 2020 to $170.6 million.
● Bookings increased 28% over Q3 2020 to $637.8 million
● Average Daily Active Users (DAUs) were 47.3 million, an increase of 31% year over
year:
● Hours Engaged were 11.2 billion, an increase of 28% year over year
● Average Bookings per DAU (ABPDAU) was $13.49

Analysts Estimate

EPS: $-0.08

Revenue: $637.2 million

Earnings History

Roblox released its last earnings call on 16th August 2021. Revenue of the video game company increased 127% over Q2 2020 to $454.1 million. It bore a Net Loss of $140.1 million for Q2 2021.Net cash of the firm, provided by operating activities increased 64% over Q2 2020 to $191.2 million

Bookings and Free Cash Flow increased 35% and 70% over Q2 2020 to $665.5 million and $168.0 million respectively. 

Company Profile

Roblox Corporation is an American video game developer. It is used in San Mateo, California, and was founded in 2004 by David Baszucki and Erik Cassel. The firm is the developer of Roblox, which was released in 2006.

Its aim is to construct a human co-enjoy platform that allows shared stories amongst billions of users. Every day, tens of millions of people around the world have a fun time with friends as they discover millions of immersive virtual stories. All of those stories are constructed via way of means of the Roblox community, made from millions of creators. It believes in constructing a safe, civil, and diverse community—one which conjures up and fosters creativity and high-quality relationships among people around the globe. 

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