8/28/2023 0 Comments Roblox ipo daye![]() ![]() ![]() The next Roblox earnings release date is August 9. In May, DAUs declined further to 50.4 million, and hours engaged fell to 3.6 billion from 3.8 billion in April, suggesting the company is losing ground as the pandemic boost wanes. However, in April, DAUs came to 53.1 million, down from 54.1 million at the end of the first quarter. ![]() The engagement rate in the Asia Pacific increased by 104%, bringing global hours engaged to a record 11.8 billion in the first quarter. Average daily active users increased by 28% year-over-year to 54.1 million, but bookings fell 3% to $631.2 million due to a decline in users and hours engaged in its North America segment.ĭAUs in North America decreased by 2%, while Europe and the Asia Pacific experienced strong year-over-year growth of 20% and 94%, respectively. Roblox reported a loss of $0.27 per share in Q1, compared to the $0.22 predicted by FactSet. Recent Earnings Failed to Impressĭespite Roblox’s 38% year-over-year revenue increase to $537.1 million in the first quarter, the company fell short of analyst expectations for bookings and net income. I remain neutral on the stock as the company navigates a difficult time that’s filled with too much uncertainty. However, Roblox is now down almost 60% year-to-date due to fading interest in the Metaverse, the reopening of the economy, and the macroeconomic challenges faced by the tech sector. Roblox ( RBLX) benefited from the Metaverse hype in 2021, causing its stock to skyrocket 200% at one point from its IPO price. ![]()
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