![]() ![]() ![]() The strengthening of the US Dollar against the Euro, British Pound, and other foreign currencies during 2022 has had an adverse impact on bookings. In fact, without the FX headwinds, net-bookings would be higher by about $15 million (about $180 million annualized). Moreover, Roblox has highlighted that the financial data for September would be much better, if the strong dollar would not have distorted exchange rates. But investors should consider that August usually is a very strong month for gaming engagement - while September engagement is pressured by "school reopening" trends. August bookings were between $233 million and $237 million.Īlthough the market celebrated Roblox preliminary results, the engagement and business data for September was clearly worse than the respective data from August. Similarly, Roblox' estimated bookings for September were between $212 million and $219 million, up 11% - 15% year over year. Hours engaged were 4.0 billion, up 16% year over year, but down 17.5% quarter over quarter respectively. Roblox' September Key MetricsĪlthough there is no obligation for social media, gaming, or entertainment companies (however you like to define Roblox' market focus) to publish monthly business and engagement data, Roblox has since the company's IPO nurtured a habit to regularly share updates with investors.ĭuring the September month, Roblox' Daily active users ("DAUs") were 57.8 million, up 23% year over year, but down 3.5% as compared to 59.9 million in August. Reflecting on Roblox' September metrics, paired with an oddly bullish price action, I continue to like Roblox as a speculative stock-pick. ![]() Arguably the most important reference point "bookings" was up 11% - 15% year over year, increasing to $212 million and $219 million for September.Īlthough the numbers were not stellar, investors cheered the better-than expected net bookings - which absent any FX headwinds would have increased as much as 17% - 21% year over year. ![]() Roblox Corporation ( NYSE: RBLX) stock has surged as much as 20% since the metaverse gaming company reported key metrics for September. ![]()
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