Roblox Average Bookings Per Daily Active User Falls In February, Updates On Silicon Valley Bank Exposure

On Wednesday, Roblox Corp (NYSE:RBLX) released specific critical metrics for February 2023. Roblox’s daily active users (DAUs) were 67.3 million, up…
  • On Wednesday, Roblox Corp (NYSE:RBLX) released specific critical metrics for February 2023.
  • Roblox’s daily active users (DAUs) were 67.3 million, up 22% year-over-year. Hours engaged were 4.6 billion, up 24% Y/Y.
  • Roblox’s estimated revenue was up 20% – 22% Y/Y at $214 million- $217 million.
  • Estimated bookings were $243 million – $247 million, up 18% – 19% Y/Y.
  • Roblox’s estimated average bookings per daily active user (ABPDAU) were $3.61 – $3.67, down by (2)% – (4)% Y/Y.
  • On a constant currency basis, Roblox estimates February 2023 revenue growth would have been 22% – 24% Y/Y, February 2023 bookings growth would have been 21% – 23% Y/Y and the change in February 2023 ABPDAU would have been between (1)% – 0% Y/Y.
  • Following the expected release of March 2023 monthly metrics in April 2023, Roblox will cease publishing monthly vital metrics. 
  • On March 13, 2023, Roblox moved all its cash and securities on deposit at or invested through SVB Financial Group (NASDAQ:SIVBSilicon Valley Bank to another financial institution.
  • Price Action: RBLX shares traded lower by 0.88% at $42.81 on the last check Wednesday.
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