Why Is Roblox Stock Trading Higher On Thursday?

Roblox Corp RBLX stock gained after it reported fiscal first-quarter results on Thursday. The company reported quarterly bookings growth of 31% year-on-year to $1.21 billion, topping the analyst consensus estimate of $1.14 billion.

The video game developer reported an EPS loss of 32 cents, narrower than the analyst consensus estimate of 40 cents loss.

The revenue of the American video game developer grew by 29% Y/Y to $1.04 billion.

Also Read: Why Roblox’s Q1 Has BofA Analyst Optimistic For Long-Term Prospects, Despite Investor Sentiment Split About Growth

The Average Daily Active Users (DAUs) were 97.8 million, up 26% year over year. The Hours Engaged were 21.7 billion, up 30% year over year.

The average monthly unique payers were 20.2 million, up 29% year over year. The Average Bookings per DAU was $19.92, up 1.2% year over year.

For the quarter, Roblox generated $443.91 million in operating cash flow, up significantly from $238.95 million a year earlier. Free cash flow for the quarter was $426.55 million.

Net loss for the quarter narrowed to $215.06 million, down from a loss of $270.60 million in the same period last year.

CEO David Baszucki said during the quarter, Roblox creators earned a record $281.6 million and over the past 12 months, more than 100 Roblox developers earned over $1 million. As a whole, the community is on pace to exceed $1 billion of earnings for the full year.

Outlook: Roblox expects second-quarter bookings of $1.165 billion-$1.190 billion (versus the consensus of $1.170 billion) and fiscal 2025 bookings of $5.285 billion-$5.360 billion (prior $5.20 billion-$5.30 billion) versus the analyst consensus estimate of $5.210 billion.

Price Action: RBLX stock is up 4.04% to $69.76 at the last check on Thursday.

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