Shares of Roblox fell over 21% after its Q2 results missed expectations:
- Loss per share: 46 cents (expected: 45 cents)
- Revenue (bookings): $781 million (expected: $785 million)
Bookings rose 22% YoY. Average daily users grew 25%, spending 14 billion hours on the platform, up 24%. Roblox also expanded to all age groups, offering mature content for users aged 17+. CEO David Baszucki noted increased users and higher bookings-per-hour in various age groups.
Roblox reported a $282.8 million net loss due to expenses supporting growth, expecting continued losses.
Baszucki highlighted performance across platforms, including Meta’s VR headsets. Average bookings per user were $11.92, down 3% YoY.