Roblox reported it had about 2,100 employees costing 23% of bookings, compared with about 1,500 employees costing 16% of bookings a year ago.ĭAUs for the third quarter were 58.8 million, up 24% from the year-ago period, and the company played up its “aged-up cohorts,” or users over the age of 13, with growth there up 34% year over year and accounting for 54% of all DAUs. Personnel costs excluding stock-based compensation ranked as one of the “big cost items,” according to Guthrie, with costs up 56% to $160.3 million from a year ago. META,Īnd Elon Musk’s Twitter are laying off employees, Roblox is still hiring, although “not quite at the same rate” as it had been, Guthrie said while noting, “but we’re adding quite a few people into the company.” While other tech companies like Facebook parent Meta Platforms Inc. But overall, the behavior of the user base seems fairly healthy.” Where it is most pronounced for us is translation of currencies back into dollars. “We all know the macro environment is a little bit challenging. “Pure monetization around the world looks quite good when adjusted for those currencies,” Guthrie said on the call. While an estimated 63% of revenue comes from the U.S., about 17% comes from Canada, Germany, U.K., France, Italy, China and Japan, according to FactSet data. growth in average daily active users, or DAUs, outpacing domestic growth. Up nearly 18% from a year ago and non-U.S. On the call with analysts following the report, Roblox Chief Financial Officer Michael Guthrie said one of the biggest headwinds for the company is a strong dollar, with the U.S. Analysts focus on bookings for Roblox and other video-game companies, because the metric reflects virtual currency sold that may be considered deferred revenue. Revenue rose slightly to $517.7 million from $509.3 million in the year-ago quarter, while bookings increased 10% to $701.7 million from $637.8 million in the year-ago period.Īnalysts had forecast, on average, a loss of 32 cents a share on revenue of $593.4 million and bookings of $692.2 million. The San Mateo, Calif.-based company reported a third-quarter loss of $297.8 million, or 50 cents a share, compared with a loss of $74.0 million, or 13 cents a share, in the same period last year.
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