Here's Why Roblox's February Metrices Disappointed Benchmark

Roblox Corp RBLX disclosed key metrics for February 2022. Roblox's daily active users climbed 28% year on year to 55.1 million.
Roblox's hours engaged rose 21% Y/Y to 3.8 billion. Roblox's booking estimate were $203 million - $206 million, down 2% - 4% Y/Y.
Roblox's average booking per daily active user estimate declined 24% - 25% Y/Y to $3.68 - $3.74.
Roblox saw a revenue of $204 million - $207 million, up 60% - 63% Y/Y.
Analyst Rating: Benchmark analyst Mike Hickey was Roblox "disappointed" with February bookings and average bookings per daily active user declining in the month.
He sees downside risk to the fiscal Q1 consensus view following the company's report of its February key indicators.
The analyst remains concerned that management's desire to drive growth through an older demographic and brand advertisements could "ultimately create a toxic community experience."
Hickey kept a Sell rating and a $45 price target (22.7% upside) on Roblox.
Price Action: RBLX shares traded lower by 0.31% at $36.57 on the last check Tuesday.

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