Shares of online game creation platform Roblox surged 20% on Monday behind a monthly metrics report that detailed favorable user growth.
Roblox — which has seen its shares fall roughly 65% from their all-time high of $137.72 — reported 57.8 million daily active users in September 2022, a 23% increase year-over-year.
- Estimated revenue for the month was between $170 million-$180 million.
- The company estimated bookings were between $212 million-$219 million.
- Hours engaged by users reached 4 billion, up 16% compared to September 2021.
Roblox reported more daily active users in August 2022 with 59.9 million and 4.7 billion hours engaged, but the drop was attributed to the return of schools.
The California-based company generated $591.2 million in revenue in Q2 2022, a 30% uptick compared to the same period last year. Bookings reached $639.9 million during the quarter, down 4% compared to Q2 2021. Net cash from operating activities was $26 million in Q2 2022.
In October, Roblox secured a landmark deal with FIFA to offer users free-to-play access ahead of the 2022 World Cup in Qatar to “FIFA World” — a virtual environment in the metaverse.
Far Fall
Roblox went public in March 2021 after multiple delays via a direct public offering. In its first day of trading, the company saw its stock jump 54% from its reference price of $45 to $69.50 at market close. The strong debut would give Roblox a market cap of roughly $45 billion.
The gaming industry took a step back in 2022 following a surge of interest at the height of the pandemic, and Roblox felt the hit with a market cap of $26 billion as of October 2022.
