- Roblox Corp (NYSE:RBLX) reported third-quarter FY22 Bookings growth of 10% year-on-year to $701.7 million, beating the consensus of $686.3 million.
- The revenue grew by 2% Y/Y to $517.7 million.
- EPS loss of $(0.50) missed the consensus loss of $(0.33).
- Average Daily Active Users (DAUs) were 58.8 million, up 24% Y/Y.
- Hours Engaged were 13.4 billion, up 20% Y/Y.
- Average Bookings per DAU (ABPDAU) was $11.94, down 11% Y/Y.
- Roblox used $(67.7) million in free cash flow.
- “We are delivering strong growth across our core operating metrics, powered by a growing developer community creating high-quality experiences that appeal to a broad, global audience,” said David Baszucki, Chief Executive Officer of Roblox.
- Price Action: RBLX shares traded lower by 13.5% at $33.84 on the last check Wednesday.
Piper Sandler Maintains Underweight on Redfin, Lowers Price Target to $2
Piper Sandler analyst Thomas Champion maintains Redfin (NASDAQ:RDFN) with a Underweight and lowers the price target from $7 to $2.
