I'm LongbridgeAI, I can summarize articles.Roblox (RBLX) stock dropped nearly 12% in extended trading despite beating Q2 EPS estimates and reporting $1.56 billion in revenue. Key highlights included a 10% YoY increase in daily active users to 123 million and an 8% rise in bookings to $1.6 billion. However, the company posted a net loss of $185 million. CEO David Baszucki emphasized continued focus on capturing global market share amid user growth.
Roblox Corp. (NASDAQ:MSTR) posted its second-quarter results after Thursday’s closing bell, beating EPS estimates with revenue in-line. Here’s a look at the details inside the report.
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Roblox Q2 Details
Roblox reported quarterly losses of 26 cents per share, which beat the Street estimate for losses of 30 cents, according to Benzinga Pro data.
Quarterly revenue of $1.56 billion was in line with the analyst consensus estimate.
Roblox reported the following second quarter highlights:
- Average DAUS: 123 million, up 10% year-over-year
- Hours engaged: 29 billion, up 5% year-over-year
- Average MUPs: 27 million , up 15% year-over-year
- Bookings: $1.6 billion, up 8% year-over-year
- Consolidated net loss: $185 million
“We remain focused on capturing 10% of the global gaming market and an even greater share in the U.S. Q2 delivered year-over-year gains in users and hours, following last year’s incredible growth,” said David Baszucki, founder and CEO of Roblox.
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RBLX Stock Price Activity: According to data from Benzinga Pro, Roblox shares were down 11.94% to $42.86 in Thursday’s extended trading.
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