Roblox: Not All Users Are Equal
-Daily active users (DAUs) were 56.7 million, up 15% year-over-year.
-Hours engaged were 3.9 billion, up 10% year-over-year.
-Estimated revenue was between $190 million and $193 million, up 1% - 3% year-over year.
-Estimated bookings were between $222 million and $225 million, up 5% - 7% year-over-year.
-Estimated average bookings per daily active user (ABPDAU) were between $3.92 and $3.97, down 7% - 9% year-over-year.
- Roblox grew October bookings at 20% on a constant currency basis versus initial October 2021 bookings.
- The global gaming platform has a major 2023 catalyst with expansion into immersive advertising.
- The stock is more appealing down trading at 6x forward EV/S targets.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »