Roblox misses on top and bottom, shares dip 14%

Key Points

• Roblox reported results on Tuesday that missed analyst estimates on the top and bottom lines.
• Roblox reported 52.2 million average daily active users, about a million shy of the StreetAccount consensus.

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• RBLX

The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing.

NYSE

Roblox reported results on Tuesday that missed analyst estimates on the top and bottom lines.

Here's how the company did:

• Loss per share: 30 cents vs. 21 cents expected, according to a survey of analysts polled by Refinitiv.
• Revenue: $639.9 million vs. $644.4 million expected, according to Refinitiv.

Shares fell more than 14% in after-hours trading.

The revenue figure is what Roblox calls bookings, which include sales recognized during the quarter and deferred revenue. Bookings declined by 4% year over year. The company generates revenue from sales of its virtual currency called Robux, which players use to dress up their avatars and buy other premium features in the games.