Why Roblox Shares Are Moving Today

Roblox Corp RBLX shares are trading lower by 10.44% to $29.67 Thursday morning after the company reported November 2022 key metrics.

What Happened?

Roblox says the strengthening of the US Dollar against the Euro, British Pound, and other foreign currencies during 2022 has had an adverse impact on bookings. The company estimates that the impact of foreign currency fluctuations led to a reduction of approximately 4-5% in the year-over-year growth rate for November bookings.

On a constant currency basis, Roblox says the company estimates bookings growth would have been 10%-12% year-over-year and ABPDAU would have been down 3-5% year-over-year.

Among the November 2022 key metrics highlights provided by Roblox:

• Daily active users (DAUs) were 56.7 million, up 15% year-over-year
• Hours engaged were 3.9 billion, up 10% year-over-year
• Estimated revenue was between $190 million and $193 million, up 1% - 3%year-over year
• Estimated bookings were between $222 million and $225 million, up 5% - 7% year-over-year
• Estimated average bookings per daily active user (ABPDAU) were between $3.92 and $3.97, down 7% - 9% year-over-year

According to data from Benzinga Pro, RBLX has a 52-week high of $108.78 and a 52-week low of $21.65.