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Roblox Stock Craters After Q2 Earnings — Details from the Report
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Roblox Corp. (NASDAQ:MSTR) posted its second-quarter results after Thursday’s closing bell, beating EPS estimates with revenue in-line. Here’s a look at the details inside the report. 

Roblox Q2 Details   

Roblox reported quarterly losses of 26 cents per share, which beat the Street estimate for losses of 30 cents, according to Benzinga Pro data.

Quarterly revenue of $1.56 billion was in line with the analyst consensus estimate.

Roblox reported the following second quarter highlights:

  • Average DAUS: 123 million, up 10% year-over-year
  • Hours engaged: 29 billion, up 5% year-over-year
  • Average MUPs: 27 million , up 15% year-over-year
  • Bookings: $1.6 billion, up 8% year-over-year
  • Consolidated net loss: $185 million

“We remain focused on capturing 10% of the global gaming market and an even greater share in the U.S. Q2 delivered year-over-year gains in users and hours, following last year’s incredible growth,” said David Baszucki, founder and CEO of Roblox.

RBLX Stock Price Activity: According to data from Benzinga Pro, Roblox shares were down 11.94% to $42.86 in Thursday’s extended trading.  

Photo: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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