Roblox Stock Tumbles On Q2 Report - What's Going On?
Portfolio Pulse from Anusuya Lahiri
Roblox Corp reported Q2 FY23 bookings growth of 22% YoY to $780.7 million, and revenue growth of 15% YoY to $680.8 million, missing the consensus of $784.9 million. EPS loss of $(0.46) also missed the consensus loss of $(0.45). DAUs were 65.5 million, up 25% YoY, and average monthly unique payers were 13.5 million, up 19% YoY. However, average bookings per DAU was $11.92, down 3% YoY. The company's shares traded lower by 20.503% at $30.01.
August 09, 2023 | 1:56 pm
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Roblox's Q2 FY23 results showed growth in bookings and DAUs, but missed consensus on revenue and EPS. The company's stock price fell by over 20% following the announcement.
Roblox's Q2 FY23 results showed growth in bookings and DAUs, but missed consensus on revenue and EPS. This mixed performance, coupled with a decrease in average bookings per DAU, likely contributed to the significant drop in the company's stock price.
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