![]() The stock was blazing hot in 2021, after the company's direct listing in March. Roblox saw bookings swell past 200% during the pandemic, which shut down schools and offices. Analysts polled by StreetAccount had expected $11.65. Users spent 11.8 billion hours engaged in Roblox, the company said, up 22%.Īverage bookings per daily active user slid 25% to $11.67. Roblox reported 54.1 million average daily active users in the first quarter, up 28% from a year earlier but below the StreetAccount consensus of 55 million. Roblox generates revenue from sales of its virtual currency called Robux, which players use to dress up their avatars and buy other premium features in the games. The revenue figure is what Roblox calls bookings, which include sales recognized during the quarter and deferred revenue.īookings declined by 3% in the quarter, a sign of how much Roblox's business has cooled off from the pandemic, when kids were stuck at home and spending more time on their screens. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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