Roblox Stock Surges as Video Game Company’s Q4 Results Beat Estimates on Record Bookings

Key takeaways

  • Roblox reported better-than-expected quarterly results as the online video game company's bookings took off and user numbers increased.
  • Bookings, which include quarterly sales and deferred revenue, reached an all-time high.
  • Roblox's booking guidance for the current quarter and full year came in above estimates.

Roblox (RBLX) shares jumped after the online video game company reported better-than-expected quarterly results thanks to record bookings.

Bookings, which the company defines as sales plus change in deferred revenue, jumped 25% to $1.13 billion. The company's net loss for the quarter ended December widened to 52 cents per share from 48 cents per share a year earlier, while revenue rose 30% to $749.9 million. dollars, but the revenue and net income figures beat Wall Street forecasts.

“We finished the year with our strongest quarterly bookings growth rate in two years and delivered our first quarter of $1 billion in bookings,” said Michael Guthrie, Roblox CFO.

The number of daily active users, or DAU, increased 22% to a record high of 71.5 million, Roblox said. Roblox founder and CEO David Baszucki said the group is optimistic about achieving its long-term goal of having 1 billion daily active users.

Roblox predicts bookings for the current quarter between $910 million and $940 million and full year bookings between $4.14 billion and $4.28 billion. Both stocks exceeded analysts' expectations.

Roblox shares were up 10.4% at $44.78 per share as of 1:15 p.m. ET on Wednesday. They have gained 16% over the past year.

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