Article Hero

Promising Q1 results for Roblox as a public company

1620725057.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
11 maggio 2021
The gaming app for kids that gained popularity during the pandemic revealed its first earnings report since it became a publicly traded company in March

Roblox’s revenue was up 140% from a year ago, the figures coming in at $387 million. Still, it had a loss per share of 46 cents, more than 0.21 cents expected. The company’s net loss for Q1 was $134.2 million. 

Moreover, in the first quarter, its daily active users rose to 42.1 million, marking a 79% increase from last year. This led to a 98% increase of hours spent by users on the platform to 9.7 billion. Overall, it translated to $652.3 million in booking, up 161% year over year.

Roblox expects its revenue to reach a high of $145 million for the second quarter, up approximately 138% from April 2020.

After the news hit the wires, Roblox stock price gained 5%. Excluding its latest gain, the stock price fell 0.8% since the beginning of the year, while USA500 went up about 11.9%.

Find out more about Roblox IPO here!

Sources: cnbc.com, finance.yahoo.com

disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.