The value of Roblox shares declined sharply after the release of the company’s financial report for the second quarter of 2023 (April-June). They sank by 21.97% to $29.45 apiece. The last time Roblox shares traded at this price was in early January.
What Roblox reported in the report:
▪️quarterly revenue amounted to $680.8 million, an increase of 15% compared to last year;
▪️receipts (bookings) reached $780.7 million. Growth by 22% in annual terms;
▪️net loss for holders of ordinary shares amounted to $282.8 million. A year ago it was equal to $176.4 million;
During the quarter, users spent 13.98 billion hours on the Roblox platform. This is 2.7 billion hours more than in April-June 2022, but about 400 million hours less than analysts expected;
▪️ABPDAU indicator (amount of receipts per active user per day) decreased by 3% to $11.92.