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Key Takeaways
- Roblox posted better-than-expected quarterly results as the online video game company’s bookings took off and it added users.
- Bookings, which include sales in a quarter and deferred revenue, hit an all-time high.
- Roblox’s current quarter and full-year bookings guidance came in above estimates.
Shares of Roblox (RBLX) surged after the online video game company reported higher-than-forecast quarterly results on the back of record bookings.
Bookings, which the company defines as sales as well as the change in deferred revenue, jumped 25% to $1.13 billion. The company’s net loss for the three months ended December widened to 52 cents a share versus 48 cents a share a year earlier, while revenue increased 30% to $749.9 million, but both top- and bottom-line numbers beat Wall Street forecasts.
“We ended the year with our strongest rate of quarterly bookings growth in two years and delivered our first quarter of $1 billion in bookings,” said Michael Guthrie, chief financial officer of Roblox.
The number of daily active users, or DAU, increased 22% to an all-time high of 71.5 million, Roblox said. Roblox founder and CEO David Baszucki said the group was optimistic about achieving its long-term goal of having 1 billion daily active users.
Roblox predicted current quarter bookings in the range of $910 million to $940 million, and full-year bookings at between $4.14 billion and $4.28 billion. Both were above analysts’ expectations.
Shares of Roblox were 10.4% higher at $44.78 per share as of 1:15 p.m. ET time Wednesday. They’ve gained 16% over the past year.