Market Cheers Roblox Q4 Growth, Stock Hits 52-Week High

Roblox Corp RBLX stock climbed over 11% after it reported fourth-quarter FY23 Bookings growth of 25% year-on-year to $1.13 billion, beating the consensus of $1.08 billion.

GAAP EPS loss of $(0.52) beat the consensus loss of $(0.55). The stock scaled its 52-week high stock price of $47.65.

The revenue of the American video game developer grew by 30% Y/Y to $749.9 million. 

Average Daily Active Users (DAUs) were 71.5 million, up 22% Y/Y. Hours Engaged were 15.5 billion, up 21% Y/Y.

Average monthly unique payers were 15.9 million, up 18% year-over-year. Average Bookings per DAU (ABPDAU) was $15.75, up by 3% Y/Y. 

Roblox generated $143.3 million in operating cash flow.

“We enter 2024 with even more conviction of being able to achieve our long-term goal of attracting over 1 billion daily active users with optimism and civility,” said David Baszucki, founder and CEO of Roblox.

“We ended the year with our strongest rate of quarterly bookings growth in two years and delivered our first quarter of $1 billion in bookings,” said Michael Guthrie, chief financial officer of Roblox.

Outlook: Roblox expects first-quarter bookings of $910 million – $940 million (versus $902.69 million consensus) and FY24 bookings of $4.14 billion – $4.28 billion (versus $4.03 billion consensus).

Price Action: RBLX shares traded higher by 10.50% at $44.86 premarket on the last check Wednesday.

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