• Loading stock data...
Thursday, December 12, 2024
The 2024 Best Employers in Sports Award winners have been announced! See the full list of winners

Roblox Shares Jump As Daily Active Users Increase 23%

  • Roblox reported 57.8 million daily active users in September 2022.
  • The online game creation platform has seen its shares fall roughly 65% from their all-time high of $137.72.
Roblox

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.

game_characters_driving

Roblox Finally Goes Public

After multiple delays, video game platform Roblox went public on Wednesday, following…
March 10, 2021

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.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bill Belichick to Take College Plunge at North Carolina

UNC made the official announcement late Wednesday.
Dec 4, 2024; Miami, Florida, USA; Miami Heat forward Jimmy Butler (22) looks to pass against Los Angeles Lakers forward LeBron James (23) in the first half at Kaseya Center.

Heat Open to Jimmy Butler Trades, but Here’s Why Deal Will Be..

The Heat are reportedly “open” to hearing trade offers for Butler.

NFL Scheduling Gambit Pays Off With Two Blockbuster Sunday Games

The Week 15 schedule has a game pairing seen only once since 1970.
FIFA

Saudis Awarded 2034 World Cup in Uncontested Vote

Saudi Arabia was the only option after Australia decided not to bid.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.

Endeavor, TKO Consolidate Sports Assets, Hoping They’re Better Together

The move brings On Location, Professional Bull Riders, and IMG under TKO.
Sep 11, 2024; Los Angeles, California, USA; The Nike shoes worn by Seattle Storm center Mercedes Russell in the first half against the LA Sparks at Crypto.com Arena.
opinion
September 28, 2024

New Nike CEO Must Do It

The biggest task the new CEO faces is intangible: Refresh the brand.
October 1, 2024

Nike CFO Says ‘Adversity Creates Sharper Focus’

Amid a downbeat but expected set of earnings, Nike says it sees signs of optimism.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
A Nike swoosh on a building in Eugene, Oregon.
September 23, 2024

Wall Street: Things Will Get Worse for Nike Before They Get Better

Some analysts are skeptical of how much the new CEO will change.
Crypto.com soccer advertising
September 15, 2024

The Champions League Is Back. So Is Crypto Sponsorship

Crypto investment is making its debut in the biggest European soccer competition.
Sep 9, 2024; Santa Clara, California, USA; San Francisco 49ers wide receiver Deebo Samuel (1) warms up before a game against the New York Jets at Levi's Stadium.
September 12, 2024

The NFL’s Private Equity Era Won’t Be the Bloodbath You Think—for Now

“It’s a different kind of investment thesis entirely.”
ESPN commentator Jay Williams speaking at a conference.
September 11, 2024

Jay Williams Supports PE in College Sports: ‘I Would Like to Own 49% of Duke Basketball’

Williams wants in when PE gets into college sports.