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.
- RBLX stock is moving. Watch the price action here.
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.
Read Also: Jim Cramer Calls Hedge Fund Blowup a 'Clearing Event' that May Mark the Bottom
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